Define “At-the-Money” (ATM) for a Put Option.

A put option is considered "at-the-money" (ATM) when its strike price is approximately equal to the current price of the underlying asset. An ATM put option has an intrinsic value of zero.

It has the highest time value relative to its premium compared to ITM or OTM options.

What Does ‘At-the-Money’ (ATM) Mean for an Option?
Define the Term ‘In-the-Money’ for Both a Call and a Put Option
How Does the Moneyness of an Option (ITM, ATM, OTM) Relate to the Strike Price?
What Is an ‘At-the-Money’ Option?
How Does an ATM Put option’S Premium Compare to an ATM Call Option’s Premium?
Define “In-The-Money,” “At-The-Money,” and “Out-Of-The-Money” Options
What Is the Formula for Intrinsic Value of a Put Option?
What Is the Definition of an “Out of the Money” (OTM) Option?

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