An option without any intrinsic value is an out-of-the-money (OTM) option. A call option is out-of-the-money when the strike price is above the current trading price of the underlying security.
Glossary
Glossary
An option without any intrinsic value is an out-of-the-money (OTM) option. A call option is out-of-the-money when the strike price is above the current trading price of the underlying security.