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

Name: If a call has a positive intrinsic value at expiration the call is said to be:
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If a call option is said to have a positive intrinsic value at expiration, it means that the current market price of the underlying asset is higher than the strike price of the option. In other words, the call option is "in the money" as it has value that can be realized if the option is exercised.

If a Call Has a Positive Intrinsic Value at Expiration