The current market price of a share of MSI stock is $24. If a call option on this stock has a strike price of $24, the call
A) is out of the money.
B) is in the money.
C) is at the money.
D) None of the options are correct.

Question

Quizplus · Accepted Answer

The call option has a strike price equal to the current market price of the stock, which means it is neither in nor out of the money, but exactly at the money.

The Current Market Price of a Share of MSI Stock