is 2. an option where the striking price equals the current market price of the underlying security is a characteristic of an option determined by the degree to which it is in the money is the common stock or other asset that an option allows its holder to buy or sell is, with options, the actual amount that is paid for an With futures,it is the situation in which a particular futures price is higher than some option. other price is the amount by which the market price of an option exceeds its intrinsic value. is an organization that acts as a guarantor of all option trades between buyers and sellers. It also regulates the trading activities of members of option exchanges