In The Money Financial Glossary

What is it? Situation in which an options strike price is below the current market price of the underlier (for a call option) or above the current market price of the underlier (for a put option).

Finance Term Definition Added By: Kylie

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Financial Term ExDividend Date is The date which determines ownership of stock for the purpose of paying dividends. Owners purchasing shares on or after the ex-dividend date do not receive the dividends. Only owners before this date would be registered to receive the declared dividend. The date is set at four business days prior to the record date. Also see dividend.

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