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If a Put Option Has a $55,000 Strike, Is It ITM or OTM at $60,000 Bitcoin?

The put option is OTM because the underlying price ($60,000) is above the strike price ($55,000).
Greeks.Live22.11.25

If a Put Option Has a $55,000 Strike, Is It ITM or OTM at $60,000 Bitcoin?

If a put option has a $55,000 strike and Bitcoin is at $60,000, the option is Out-The-Money (OTM). A put is ITM only if the underlying price is below the strike price.

Since $60,000 is greater than $55,000, the put has zero intrinsic value.

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