at-the-money option
noun[C]
STOCK MARKETukusanoption(=righttobuyorsellshares, etc.)that has novaluebecausesharescan beboughtorsoldattheirpresentprice:
Bydefinition, all at-the-money and out-of-the-moneyoptionshaveintrinsicvaluesof zero.
Compare
in-the-money option
out-of-the-money option