What Does “In-the-Money” Mean for a Call Option?
A call option is "in-the-money" (ITM) when the current price of the underlying asset is higher than the option's strike price. This means the option has positive intrinsic value, as the holder could exercise it for an immediate profit.
For example, a Bitcoin call with a $60,000 strike is ITM if Bitcoin is trading at $62,000. The intrinsic value would be $2,000.