7.5 Terminology Moneyness At-the- money option In-the- money option Out-of-the-money option Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 7.5 Terminology Moneyness : –At-the-money option –In-the-money option –Out-of-the-money option