Moneyness: strike spot ke kis taraf khada hai.
Doosre naam: moneyness, ITM, ATM, OTM, in the money, at the money, out of the money.
Ise kaise padhein
Call ke liye strike spot se neeche ho to woh in the money hai, upar ho to out of the money. Put ke liye ulta. At the money woh jagah hai jahan strike aur spot lagbhag mil jaate hain.
Yeh 3 naam koi shreni nahi hain. Spot hilta hai to wahi option ek hi din mein sabhi 3 jagah dekh sakta hai — kuch badla nahi, sirf uski position badli.
Moneyness asal mein ek chhota tareeka hai yeh kehne ka ki premium ka kitna hissa intrinsic value hai. In the money option ke paas thoda hissa pehle se maujood hai, aur woh hissa tabhi khatam hota hai jab level wapas strike ke paar chala jaye.
Out of the money option ke paas woh hissa bilkul nahi hota — uske premium ka har rupaya time value hai, aur agar level paar hi na ho toh expiry par kuch nahi bachta. Moneyness lagbhag yeh bhi batati hai ki underlying ke move ka kitna hissa premium uthaayega. Isi wajah se door wala option sasta bhi hota hai aur reaction mein dheema bhi.
Exchange strikes ko tay antaraal par list karta hai, isliye asli bazaar mein strike aur spot ka theek barabar hona lagbhag kabhi nahi hota. Practice mein at the money ka matlab sabse nazdeek list kiya gaya strike hota hai, koi exact match nahi.
Aur 3 naamon mein koi behtar ya bura nahi hai. Yeh quality ki rating nahi hai. 3 alag arrangements hain jinki cost alag hai, jinka behaviour alag hai, aur jinme galat hone ke tareeke bhi alag hain.
Yeh kya nahi batata
In the money ka matlab yeh nahi ki paisa ban raha hai. Option kharidne mein jo diya gaya tha woh alag cheez hai, aur woh usi hisaab mein aata hai.
Aur yeh 3 naam yeh bhi nahi batate ki aage kya hoga. Moneyness aaj ki tasveer hai, kal ka anumaan nahi.
Label sirf is pal ka varnan hai aur usse zyada kuch nahi. Option tab tak in the money hai jab tak level uske strike ke paar nahi jaata — aur woh ek hi session ke andar ho sakta hai, ek se zyada baar.
Experiment mein dekho
Market X-Ray mein ek input badlo aur dekho kya hota hai.
Market X-Ray: Option Chain — Option chain ke kaunse columns mere sawaal ka jawab dete hain?
Jude hue concepts
Moneyness: strike kahan khada hai, bas itna.
Strike underlying ke abhi ke star ke muqaable kahan hai. Yeh sirf jagah batata hai, achha ya bura nahi.
Lesson kholo