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Describe the conditions under which the statement is true.
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Underlying Asset
The financial instrument (such as a stock, bond, commodity, or currency) upon which a derivative's value is based.
In The Money
A term describing an option contract that has intrinsic value, meaning it is profitable to exercise.
Underlying Stock Price
The prevailing market value of the stock that a derivative contract, like an option, relies on.
February 20 Put
A put option that gives the holder the right to sell the underlying asset at a predetermined price on or before February 20.
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