Moneyness vs Strike Price

The relationship between an option's strike price and the current price of the underlying asset; in-the-money (ITM): the option has intrinsic value; at-the-money (ATM): strike approximately equals spot; out-of-the-money (OTM): the option has no intrinsic value.

The fixed price at which the holder of an options contract has the right to buy (call) or sell (put) the underlying cryptocurrency asset; also termed exercise price; determines moneyness (in-the-money, at-the-money, out-of-the-money) at any given moment.