What is itm in binary options

What is itm in binary options
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Binary option, a financial option in which the payoff is either some fixed monetary amount or nothing at all; Binary betting, a bet on a proposition which is quoted

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A binary option is a financial option in which the payoff is either The two main types of binary options are the cash-or-nothing binary option and the asset-or

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N(d −) is the (Future Value) price of a binary call option, or the risk-neutral likelihood that the option will expire ITM, with numéraire cash (the risk-free asset); N(m) is the percentage corresponding to standardized moneyness; N(d +) is the Delta, or the risk-neutral likelihood that the option will expire ITM, with numéraire asset.

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