1. The condition of a call option when its strike price is higher than the market price of the underlying stock.
2. The condition of a put option when its strike price is lower than the market price of the underlying stock.
Also known as "out of the money."
An underwater option would be worthless if it expired today.
Investment dictionary. Academic. 2012.
Underwater — is a term describing the realm below the surface of water where the water exists in a natural feature (called a body of water) such as an ocean, sea, lake, pond, or river. Three quarters of the planet Earth is covered by water. A majority of the… … Wikipedia
underwater — (adj.) 1620s, from UNDER (Cf. under) + WATER (Cf. water) … Etymology dictionary
underwater — [adj] under the water’s surface immersed, subaquatic, subaqueous, submarine, submerged, sunken, undersea; concepts 467,514,603 … New thesaurus
underwater — ► ADJECTIVE & ADVERB ▪ situated or occurring beneath the surface of the water … English terms dictionary
underwater — [un′dər wôt′ər] adj. 1. being, placed, done, etc. beneath the surface of the water 2. used or for use under water 3. below the waterline of a ship adv. beneath the surface of the water … English World dictionary
underwater — [[t]ʌ̱ndə(r)wɔ͟ːtə(r)[/t]] 1) ADV: ADV after v, n ADV Something that exists or happens underwater exists or happens below the surface of the sea, a river, or a lake. ...giant submarines able to travel at high speeds underwater... Some stretches… … English dictionary
underwater — un|der|wa|ter [ˌʌndəˈwo:tə US ˌʌndərˈwo:tər, ˈwa: ] adj [only before noun] below the surface of an area of water, or able to be used there ▪ an underwater camera >underwater adv ▪ He dived underwater and swam away … Dictionary of contemporary English
underwater — UK [ˌʌndə(r)ˈwɔːtə(r)] / US [ˌʌndərˈwɔtər] adjective existing, happening, or used under the surface of water underwater caves Derived word: underwater UK / US adverb plants that grow underwater … English dictionary
underwater — adjective Date: 1627 1. lying, growing, worn, performed, or operating below the surface of the water < underwater plants > 2. being below the waterline of a ship • underwater adverb … New Collegiate Dictionary
underwater — /un deuhr waw teuhr, wot euhr/, adj. 1. existing or occurring under water. 2. designed to be used under water. 3. located below a ship s waterline. adv. 4. beneath the water: to travel underwater. n. 5. the water beneath the surface: cold… … Universalium
underwater — {{Roman}}I.{{/Roman}} adj. Underwater is used with these nouns: ↑archaeology, ↑camera, ↑creature, ↑earthquake, ↑explorer, ↑microphone, ↑navigation, ↑photography, ↑volcano {{Roman}}II.{{/Roman}} adv … Collocations dictionary
