If a call has a positive intrinsic value at expiration,the call is said to be

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A call option is said to be in the money if it has a positive intrinsic value at expiration. This means that the underlying stock price has risen above the strike price of the call option, making it profitable for the option holder to exercise the option and buy the stock at the lower strike price. "At the money" means the stock price is exactly equal to the strike price, while "out of the money" means the stock price is below the strike price. "Funded" and "unfunded" are not relevant terms in this context.

If a Call Has a Positive Intrinsic Value at Expiration,the