Meaning of “at-the-money option” in the English Dictionary

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"at-the-money option" in Business English

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at-the-money optionnoun [ C ]

uk us STOCK MARKET

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.

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