in the money

  1. Prepositional phrase.  (idiomatic) Possessing money; rich.
  2. Prepositional phrase.  (finance) For an option, having a strike price which makes it profitable to exercise. For a call this is a strike below the market price, or for a put a strike above the market price.

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This entry was last updated on RefTopia from its source on 3/20/2012.