In The Money, a term used in options trading. A call option is "in the money" when its
strike price is less than the underlying instrument's current price. For example, if a stock is $100, a $95-strike call option would be $5 in the money, because it's strike price ($95) gives the owner of the call the option to buy the stock for $95 when it is currently $100, or at a $5 discount.
A put option is "in the money" when its strike price is greater than the underlying instrument's current price. For example, if a stock is $100, a $105-strike put option would be $5 in the money, because it's strike price ($105) gives the owner of the put the option to sell the stock for $105 when it is currently $100, or at a $5
premium.
