1, "price option"? This is a choice with intrinsic value. When the option holder exercises the right, the exercise price is lower than the settlement price of the securities that buy the option; For put options, the settlement price of the underlying securities is lower than the exercise price. The higher the option price, the higher its intrinsic value and price. As the option goes deeper into the price, its Delta value will rise, and the performance of the option in profit and loss is more and more similar to that of the basic tool. Therefore, the Delta value of the option in the deep price is close to 1. (Depth price means that the transaction price of call option is obviously higher than the exercise price or the target price of put option is obviously lower than the exercise price. )

2. "Out-of-price option", also known as "imaginary option". An option with no intrinsic value, that is, a call option with a price higher than the current futures price or a put option with a price lower than the current futures price. . If the equity capital of an enterprise is regarded as a buyer's option, the underlying assets are the total assets of the enterprise, and the debt value of the enterprise can be regarded as the approximate price in the option contracts. The term of validity of options is the same as that of liabilities.

: 1、? The English-Chinese Dictionary of Securities Investment by the Commercial Press explains: In-price option. Also called: value contract; Arrival options. Option contract with practical implementation significance. When the exercise price of a call option contract is lower than the market price of the corresponding variety and the exercise price of a put option contract is higher than the market price of the corresponding variety, the option contract has practical value. See "in the money"

2. Virtual option refers to an option with no intrinsic value, that is, a call option with a price higher than the current futures price or a put option with a price lower than the current futures price. Real option is an option in which the exercise price of a call option (put option) is lower (higher) than the target price, and the buyer can make a profit by exercising it immediately; Flat option is a call option (put option) in which the exercise price is equal to or approximately equal to the price of the subject matter, and the buyer immediately exercises the option without winning or losing.

Reference: Baidu Encyclopedia-Price Options