Common comparison error
A familiar In the money ITM name cannot replace a win, loss, refund, missing-price, and Expiry only observation payoff table.
GlossaryPricing & settlement
In-the-money (ITM)
A contract state in which the stated settlement condition has been met.
Practical use
How to verify In-the-money (ITM)
Read In-the-money (ITM) together with Out-of-the-money (OTM), Expiry-only observation, Settlement price. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
In the money ITM marketing is rewritten as a payoff table covering win, loss, equality, unavailable price, observation, returned stake, and distinction from Out of the money OTM. The result is classified under In the money ITM because the accepted settlement condition has been met; it does not describe how far price moved or net profit.
Evidence path
Where to verify In-the-money (ITM)
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.