Questions
TagsWhat does 'ITM' stand for in the world of cryptocurrency?
fridgekidoNov 25, 2021 · 3 years ago1 answersIn the world of cryptocurrency, what does the abbreviation 'ITM' stand for? I've come across this term multiple times but I'm not sure what it means. Can someone explain its significance and usage in the crypto industry?
1 answers
- ITM, which stands for 'In The Money', is a term commonly used in the cryptocurrency industry. It refers to a situation where the current price of a cryptocurrency is higher than the strike price of an option contract. This indicates that the option has intrinsic value and can be exercised for a profit. ITM options are sought after by traders as they offer the opportunity to make a profit without relying solely on the price movement of the underlying asset. It is important to note that ITM options typically have a higher premium compared to options that are out of the money or at the money.Nov 25, 2021 · 3 years ago
Related questions
- 83
How can I minimize my tax liability when dealing with cryptocurrencies?
- 82
How can I buy Bitcoin with a credit card?
- 78
What are the tax implications of using cryptocurrency?
Load 5 more related questions
Related Tags
Hot Questions
- 83
How can I minimize my tax liability when dealing with cryptocurrencies?
- 82
How can I buy Bitcoin with a credit card?
- 78
What are the tax implications of using cryptocurrency?
- 60
How does cryptocurrency affect my tax return?
- 60
What is the future of blockchain technology?
- 46
What are the advantages of using cryptocurrency for online transactions?
- 34
What are the best digital currencies to invest in right now?
- 32
What are the best practices for reporting cryptocurrency on my taxes?