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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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