What Is the Term for the Price Difference between the Underlying and the Strike?

The term for the price difference between the underlying asset's current price and the option's strike price is called the "moneyness" or sometimes the "amount in-the-money" or "amount out-of-the-money." This difference is key to determining intrinsic value.

How Does the Concept of ‘Strike Price’ Determine an Option’s Moneyness?
How Does the Moneyness of an Option (ITM, ATM, OTM) Relate to the Strike Price?
In a Perpetual Futures Contract Market, How Is an Option’s “Moneyness” Calculated since There Is No Expiration?
How Does the Concept of “Moneyness” Relate to OTM, ATM, and ITM?
Define the Moneyness of an Option
Define the Term “Moneyness” in Options Trading
In Options Trading, What Does “Moneyness” Signify and How Does It Relate to Intrinsic Value?
Define ‘Moneyness’ in the Context of Options Trading and Its Three Classifications

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