An out-of-the-money call option. Always from buyer’s perspective, it is a call option whose underlying’s market price at a given point within its time to maturity (for American options) or at expiration date (for European options) falls short of the combined value of its strike price and the premium.
![Fincyclopedia Fincyclopedia](https://fincyclopedia.net/wp-content/uploads/2019/11/Logo-for-Web-01.png)
Comments