A put option, on the other hand, is in the money if the strike price is above the spot price because the holder could exercise the option by selling the underlying asset for more than its market ...

So the strike price is the price at which the option goes in the money (i.e., has some value at expiration) or out of the money (i.e., is worthless). An option’s strike price is preset by the ...

An options contract is in the money if it has intrinsic value because its strike price is higher than its spot price (in the case of a put) or lower than its spot price (in the case of a call).

A port strike is possible again if negotiators can't reach a deal by Jan. 15. A walkout could spark inflation and shortages, experts said.