Options

At-The-Money (ATM)

An Option strike price that is at, or very close to, the underlying's current market price — the boundary between ITM and OTM.

An option is at-the-money (ATM) when its strike price is at, or very close to, the underlying’s current market price — the boundary point between in-the-money (ITM) and out-of-the-money (OTM).

See the full ITM/ATM/OTM breakdown for both Calls and Puts in ITM, ATM, OTM Explained: Understanding Option Moneyness.