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In-the-money option

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In-the-money option
An option that has value.

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Although some in-the-money options may have been eligible for the bailout, employees may not have chosen to exchange them.
If a stock transaction would have created a constructive sale, the in-the-money option will also create a constructive sale.
The in-the-money option has seen heavy trading all day, but the bulk of today's volume crossed in two blocks of 10,000 contracts around 9:44 a.
 
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