market price it is said to be in the money, if the strike price is equal or closest to the market price it is said to be at the money and if the strike price is more than the market price it is said to be out of the money.
for any put option, if the strike price is more than the market price it is said to be in the money, if the strike price is equal or closest to the market price it is said to be at the money and if the strike price is less than the market price it is said to be out of the 