A call is in-the-money when the underlying futures price is greater than the strike price. A put is in-the-money when the underlying futures price is less than the strike price. In-the-money options have intrinsic value.
IN-THE-MONEY
Meaning of IN-THE-MONEY in English
A guide to futures and options market technology English dictionary. Английский словарь-руководство по фьючерсам и опционам рыночных технологий . 2012