This is an in-the-money option that has a strike price that is substantially lesser (for calls) or greater (for puts) than the current trading price of the underlying security. They have higher premiums with high intrinsic value but low time value and generally has a higher chance of being exercised.
Your new trading account is immediately funded with $5,000 of virtual money which you can use to test out your trading strategies using OptionHouse's virtual trading platform without risking hard-earned money.
Once you start trading for real, your first 100 trades will be commission-free! (Make sure you click thru the link below and quote the promo code '60FREE' during sign-up)Click here to open a trading account at OptionsHouse.com now!