What is the conditionOut-of-the-Money (OTM)in options?
OTM is when the underlying price is not favorable for exercise. For call options: the market price is below the strike price. For put options: the market price is above the strike price.
OTM is when the underlying price is not favorable for exercise. For call options: the market price is below the strike price. For put options: the market price is above the strike price.