ACI 3I0-012 Question Answer
A put option is ‘out-of-the-money’ if:
Its strike price is higher than the current market price of the underlying commodity
If the current market price of the underlying commodity is higher than the strike price of the option
Its strike price is equal to the current market price of the underlying commodity
If the current market price of the underlying commodity is lower than the strike price of the option
TESTED 15 Feb 2026
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