← Options Glossary Out-of-the-money (OTM) means the strike price of a call is above the market price of the underlying security, or that the strike price of a put is below the market price of the underlying security. OTM options have no intrinsic value, only extrinsic value.
Out-of-the-Money (OTM)
This is a definition, not a recommendation. Options carry risk and can expire worthless. See how the desk actually trades at TrueTrader.