A call is out-of- the-money when the strike price is above the underlying futures price. A put is out-of-the-money when the strike price is below the underlying futures price.
OUT-OF-THE-MONEY
Meaning of OUT-OF-THE-MONEY in English
A guide to futures and options market technology English dictionary. Английский словарь-руководство по фьючерсам и опционам рыночных технологий . 2012