a stock Option is In the Money when the holder can exercise it for a profit. A Convertible Bond is In the Money when its Conversion Value exceeds its Par Value. In the case of a Call, the price of the asset underlying the Option is greater than the Strike Price; and in the case of a Put, the price of the asset underlying the Option is less than the Strike Price.
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is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
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