Morning ablutions and other responsibilities. by Daniel R. Levitan. This morning a phrase popped into my head â âmorning ablutionsâ. I do not believe that I have heard that phrase used in the past thirty or forty years; certainly it is not a common expression these days. But I was pleased that my mind was still functioning, even if in somewhat unpredictable ways.
Definition of 'Put Option'. Definition: Put option is a derivative contract between two parties. The buyer of the put option earns a right (it is not an obligation) to exercise his option to sell a particular asset to the put option seller for a stipulated period of time.
A call option is âin the moneyâ when the strike price is below the market price of the underlying stock. For a put option, itâs the opposite; a put is âin the moneyâ when the strike price is above the market price of the underlying stock. For example, if you buy Google January 620 call options now and two weeks later Google is trading for $623.00, then you are in the money by $3.00.