Out of the money

A call option is out of the money when the market price of the underlying is below the option strike price. A put option is out of the money when its strike price is below the market price of the underlying.

Your browser cannot display this website correctly.

Our website is optimised to be browsed by a system running iOS 9.X and on desktop IE 10 or newer. If you are using an older system or browser, the website may look strange. To improve your experience on our site, please update your browser or system.