In Options , What is the meaning of At-The-Money , Out-of-the-Money (OTM) and In-The-Money ?

If the strike price is lower than the current price, it is called In-The-Money. A Put Option is a call option whose current price is less than its strike price. It is called In-The-Money.

If the strike price is less than the current price of the option, the option will be considered At-The-Money.

If the strike price of a Call Option is higher than its current price, it is considered Out-of-the-Money (OTM). If the current price of a Call Option is lower than the strike price, it is considered Out-of-the-Money (OTM).