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