What Is the opposite of an ITM Call Option?
The opposite of an In The Money (ITM) Call Option is an Out of The Money (OTM) Call Option. An OTM Call Option occurs when the underlying asset's market price is below the option's strike price.
In this state, the option has no intrinsic value, and its entire premium consists of only Time Value. The option will expire worthless if the price does not rise above the strike price.