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Peter Tuchman explained that an option is considered in the money based on the relationship between the stock price and the option’s strike price. According to Tuchman, a call option is in the money when the stock trades above its strike price, while a put option is in the money under the opposite condition.
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Peter Tuchman has previously commented on notable market shifts. He reported that the S&P 500 lost more than $1 trillion in market cap after falling 1.60% in a single session (link). In another update, Tuchman noted the S&P 500 trading near its daily low despite recording a modest 0.25% gain (link).