system
A chat on subreddit /r/wallstreetbets
human
That's not what ITM means.  
  
 His breakeven is $153.55. 
  
 His option will be ITM once it goes past $152.50. intrinsic value = ITM. All extrinsic = OTM.

gpt
ITM options also have extrinsic value. Just look at the same strike with further and further expirations. The price continues to go up because the extrinsic value increases even though though the intrinsic value stays the same.