EFTA Document EFTA01363040

GLOSSARY (CONT.) TERMINOLOGY Option "Moneyness" - Terminology used to refer to an option's strike price relative to the current underlying stock/index level. • At-the-money ("ATM") option - For call and put options, when the option's strike price is approximately the same as the market price of the underlying. • In-the-money ("ITM") option - For a call option, when the option's strike price is below the market price of the underlying. For a j option, when the strike price is above the mar