at the money

at the money
  Una opzione si dice at the money quando il prezzo di mercato del bene sottostante è pari al prezzo di esercizio ( strike price ) del diritto di acquisto ( call ) o di vendita (put ). Esercitando l'opzione at the money prima della scadenza equivale ad incassare la perdita del premio. A scadenza l'opzione at the money non comporta alcun guadagno, per cui è indifferente esercitala o meno.

Glossario di economia e finanza. 2011.

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