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CTM Option

An abbreviation for close-to-the-money option; an option contract in which the underlying’s market price is very near to the strike…

NTM Option

It stands for near-the-money option; an option contract in which the underlying's market price is very near to the strike...

Near-The-Money Option

An option contract in which the underlying's market price is very near to the strike price. For example, a call...