At-the-money
As they once said of New Zealand cricketer Bob Cunis, neither one thing nor the other. Neither in the money or out of it. All square.
an arm’s-length transaction will start out life at-the-money and, when the last payments have been made, will finish there too, but will usually spend the rest of its time swinging wildly in-the-money and out-of-the-money.
See also
- Flawed asset
- The moneyness hokey-cokey: in-the-money, out-of-the-money and at-the-money
- Options