at-the-money option

noun [C] STOCK MARKET

Definition

› an option (= right to buy or sell shares, etc.) that has no value because shares can be bought or sold at their present price: By definition, all at-the-money and out-of-the-money options have intrinsic values of zero. → Compare in-the-money option, out-of-the-money option

(Definition of at-the-money option noun from the Cambridge Business English Dictionary © Cambridge University Press)