In-the-money option,
Definition of In-the-money option:
Option contract with an intrinsic value. A call option is in the money when its exercise price is below the current price of the underlying asset. A put-option is in the money when its exercise price is above the underlying assets market price. See also at the money option and out of the money option.
Meaning of In-the-money option & In-the-money option Definition