Business / Finance / Out-Of-The-Money Option: A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than the market price, which is not valuable. A put option is out of the money if the strike price is lower than the market price of the underlying security.
Option Adjective Synonyms: choice, privilege, election, opportunity, chance
Option Noun Synonyms: choice, selection, alternative, recourse, opportunity, way out
Business / Finance / Option Mutual Fund: A mutual fund that buys and sells options for aggressive or conservative investment. MORE
Business / Finance / Option Not To Deliver: In the mortgage pipeline, an additional hedge placed in tandem with the forward or substitute sale. MORE