Which of the following is a term for a stock option that has a strike price less than the underlying stock's fair market value on the date of the grant?

Question

Quizplus · Accepted Answer

An in the money option is a term for a stock option that has a strike price less than the underlying stock's fair market value on the date of the grant. This means the option has intrinsic value and the holder can exercise it for a profit. Option A, B and D are not valid terms in finance.

Which of the Following Is a Term for a Stock