It sounds like something contestants shout during Wheel of Fortune ("Big Money! Atta Money! At-the-Money!") or maybe a kind of specialized racetrack bet ("I'd like the number four horse in the second rate at the money"). But "at the money" actually means that a stock's price matches the strike price of the stock options that an investor has bought.
So if you have the right to buy a share at $50 and then the share actually is at $50 when you go to buy, the share is at the money. Example: Joe Shmoe has paid 3 bucks for the right to buy a share of KO (Coke) for $80. That option expires in a week and the stock is at $76 a share today. If the stock climbs to $80 a share (the bid), then it is said to be "at-the-money" or at the strike price. If it climbs above $80, then it's "in the money"; below $80, it's "out of the money" honey.
Note that KO could be $82.50 and the call option buyer has still lost money on the trade (she paid $3 for the call and KO ended up only $2.50 in the money so she lost half a buck).
Related or Semi-related Video
Finance: What is Good Delivery?11 Views
Finance allah shmoop What is good delivery All right Well
here's bad delivery You have been there if a security
that's traded on an exchange meets the requirements toe permit
it to be transferred from seller to buyer While then
the transfer is said to be of good delivery When
it happens legal transfer happens with no hiccups and well
life is good But on the other hand if a
share of stock is say restricted as in a one
forty four a type situation so that it cannot be
transferred Well then good delivery of this share cannot be
realized Recall that a one forty four a restriction is
a common provisions that insiders like early investors and management
and founders of a recently i po'd company fall under
that is for a six months and change after the
company was first taken public they are restricted from being
able to transact in there stock They couldn't sell it
And nobody could take good delivery of those shares Well
why would there be a provisioned for good delivery in
the first place Well you can imagine that before the
various regulatory bodies took hold in america there was all
kinds of room for fast talking city slickers to sell
no value Floor tiles of blue sky too ignorant farmers
who really didn't know what they were buying or that
various legal hoops had to be jumped through first So
good delivery actually became a hurdle that brokerages and their
clients had to pay attention to And well let's hope
they get it better Then this ups guy We're still 00:01:29.509 --> [endTime] angry about our glasses Yeah
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