Posted 7/10/2012 14:12 (#2477594) Subject: Can someone explain 'in the money' and 'out of the money' options
My apologies for being such an ignorant git, but google has not been my friend on this one. Thanks to this board, I'm getting a good understanding of buying puts and calls (and more importantly when these tools are useful), but I'm not putting together what the 'in the money' or 'out of the money' part means yet, and when these should be utilized. Can someone provide an example, or an explantion of this for me? Thanks in advance.