Indices DJIA S&P 500 DAX 30 Nasdaq 100 Nasdaq Comp Nikkei 225 FTSE 100 SMI DJ Stoxx 50 CAC 40 Hang Seng Kospi Nyse Comp AMEX   -     -     -     -     -     -     -     -     -     -     -     -     -     -   10911 1137.4 5732.4 2127.7 2438.1 8981.9 5072.1 4984.1 2161.9 5732.4 19614.7 1817.4 7017.6 2174.7 Commodites Light Crude Oil Brent Crude Copper Gold Pallad Platinum Silver Dow Diamonds QQQQ   -     -     -     -     -     -     -     -     -   83.08 106.28 1.17 1758.7 730.5 1782 38.21 109.16 55.42 Last update: 11-08-2011 14:29:00 (GMT - Live)

In-the-money, At-the-money, Out-of-the-money Option, Call Option, Put Option, Option Buyer, Option Seller, Puts and Calls In-the-money, At-the-money, Out-of-the-money Delta The option strike price Time Value Decay Strategy A: Buying calls to take advantage of a rising stock market Strategy B:Buying put options to profit from declining live cattle prices Strategy C: Straddles Using Options on CME E-mini S&P 500 futures Basic Option Strategies: Initiating a Market Position Long Futures (1 Long April Live Cattle Futures) Short Futures (1 Short September Euro FX Futures) Synthetic Long Futures (Split Strike) Long Butterfly Long Straddle Ratio Call Spread Call Ratio Backspread Box or Conversion / Reversal Futures or Options? In-the-money A call option is said to be in-the-money when the futures price exceeds the option’s strike price. A put is in-themoney when the futures price is below the option's strike price. For example, a September CME Canadian Dollar 60 call option will be in-the-money if September CME Canadian Dollar futures are above 60, meaning that the holder has the right to buy these futures at 60, regardless of how much the price has risen. Any option that has intrinsic value is in-the-money. At-the-money An option is at-the-money when the futures price equals the option’s strike price. A December CME E-mini S&P 500 call option with a strike price of 1100 is at-the-money if the December CME E-mini S&P 500 futures contract is trading at 1100.00. Out-of-the-money When the futures price is below the strike price (for calls) and above the strike price (for puts) the option is said to be out-of-the-money. An option that has no intrinsic value, but only time value, is out-of-the-money. If CME Eurodollars are trading at 94.00, a 94.50 call would be out-of-the-money. source: