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.
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Option Adjective Synonyms: choice, privilege, election, opportunity, chance
Option Noun Synonyms: choice, selection, alternative, recourse, opportunity, way out
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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
Entertainment / Football / Option Offense: An offense heavily relying upon the option run and variations thereof. MORE