What Is the Concept of “In-the-Money” for a Tokenized Call Option?
A tokenized call option is "in-the-money" when the current market price of the underlying token is higher than the option's strike price. This means the option holder can exercise the contract to buy the underlying asset at a price lower than the market value, resulting in a positive intrinsic value.
The smart contract uses the oracle price to determine this status.
