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English definition of “in-the-money option”

in-the-money option

noun [C]
 
 
STOCK MARKET
an option (= right to buy or sell shares, etc.) which has value because shares, etc. can be bought for less than their present price, or sold for more than their present price at the time the option is used → Compare at-the-money option, out-of-the-money option
(Definition of in-the-money option from the Cambridge Business English Dictionary © Cambridge University Press)
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