At-the-Money (ATM)
Definition
An option whose strike price is equal (or very close) to the current price of the underlying asset. Highest time value.
Example
SPX at 6250 makes the 6250 strike ATM. Out-of-the-Money (OTM) Category: Options Definition: An option with no intrinsic value. A call is OTM when underlying is below strike; a put when above. Related Terms: [[In-
Frequently Asked Question
What is At-the-Money (ATM) in trading?
An option whose strike price is equal (or very close) to the current price of the underlying asset. Highest time value.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.