Out-of-the-money option - A call option is out-of-the-money if the strike price is greater than the market price of the underlying security. i.e. you have the right to purchase a security at a price greater than the market price, which is not valuable. A put option is out-of-the-money if the strike price is less than the market price of the underlying security.
Out-of-the-money option : a call option is out-of-the-money if the strike price is greater than the market price of the underlying security. i.e. you have the right to purchase a security at a price greater than the market price, which is not valuable. a put option is out-of-the-money if the strike price is less than the market price of the underlying security.
Out-of-the-money option