In the Money: Definitions, Calls and Puts, and Examples.
. In the Money Options: Definition, Call & Put Options, and Example. What happens when ITM options expire? When an ITM (in-the-money) option expires, the option holder will receive the underlying asset (e.g. shares of stock, futures contract, etc.) from the option seller. If the option is European-style, then the option can only be exercised … Read more