In the Money

Definition: Options are said to be "in the money" when they have exercisable value.  This occurs when the current price of a stock is above its strike price (call option) or below the strike price (put option).Advice: Options can still have value if they're out of the money but they can't be exercised until they are in the money.  Ideally, if you buy a call option, you want the stock to rise and eventually become "in the money."