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the claim
A put option is in-the-money when the strike price is above the spot price of the underlying security.
the verdict
SUPPORTED
the evidence backs this
Recorded sources
3 sources for · 0 against
Is it true that a put option is in-the-money when the strike price is above the spot price of the underlying security?
Yes. Financial reference definitions and official documentation confirm that a put option is considered in-the-money when its strike price is higher than the current spot price of the underlying security.
Verdict: SUPPORTED · 3 sources for, 0 against · Last checked
How claims like this are judged
Judged against reference works: claims of this kind are settled by reference works, not journal abstracts.
Evidence for · 3
States explicitly that a put option has value when the strike price is above the spot price.
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GovInfo: FR 2026 03 27. (n.d.). GovInfo. https://www.govinfo.gov/app/details/FR-2026-03-27
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More for · 2
States directly that a put option is in-the-money when the strike price is above the spot price.
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Wikibooks: Wikibooks: Financial Math FM/Print version. (n.d.). Wikibooks. https://en.wikibooks.org/wiki/Financial_Math_FM/Print_version
Confirms a put option is in-the-money if the strike price is above the market price.
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Wikipedia: Wikipedia: Strike price. (n.d.). Wikipedia. https://en.wikipedia.org/wiki/Strike_price
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