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

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"in-the-money option" in Business English

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in-the-money optionnoun [ C ]

uk us 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

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