Out of the money
An option with no built in value yet.
Where it is explained in full
Options from the beginning: calls, puts, and the Greeks in plain words. What a contract actually is, what the numbers on the screen mean, and why an option's value before expiration is not the same as its payoff at expiration.
A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.
Words beside it
- In the money
An option with built in value: a call below the stock price, a put above it.
- Money market fund
A fund holding very short term debt; near cash, small yield.
- separating business and personal money
This means keeping a business's money in its own bank account and card, apart from your own. Money only moves between them on purpose, with a note about why.
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