An option with intrinsic value. A call option is in-the- money if its strike price is below the current price of the underlying futures contract and a put option is in-the-money if it is above the underlying.
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.
The period over which a contract trades