An ‘at the money’ option is an option that would lead to zero cash flow to the holder if it were exercised immediately. An option on the index is at the money when the current index equals the strike price (i.e. spot price = strike price).
In the stockmarket - time is not money - time is time and money is money.
Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience.
A legally binding agreement to buy or sell a commodity or financial instrument at a later date. Futures contracts are normally standardized according to the quality, quantity, delivery time and location for each commodity, with price as the only variable.