exchanges in the cryptocurrency world</strong></strong></a> started using options trading as well. While cryptocurrency trading differs greatly from traditional stock market trading, several principles and trading tools are applicable to both markets.</p>\n<p>In-the-money (ITM) and out-of-the-money (OTM) are two of the world's <strong>most prominent trading processes</strong> that indicate the type of position an investor takes regarding an asset's or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency's present price. Options trading allows investors to speculate on an asset's future price and benefit if their forecast is true.</p>\n<p>The ITM strategy is when <strong>an investor bets money on a price that has already been surpassed by the asset</strong>. When a trader wishes to hedge their funds against a position, he will utilize this sort of options trading. 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Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade 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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto 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<strong>within a protocol</strong>, inflating the supply to an unhealthy level and cheapening the value of each token. After that, the attacker usually drops minted tokens on the market which causes price crashes. This type of attack usually <strong>happens quickly</strong> and results in the attacker walking away with millions of dollars in tokens.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">Blockchain systems</strong></a> are vulnerable to infinite mint attacks due to the security issues that allow hackers to take advantage of bugs <strong>and other code flaws</strong>. A chain of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract-audit/">smart contract audits</strong></a> from diverse firms is the strongest defense against infinite mint attacks. Though audits do not guarantee that the protocol is totally safe.</p>\n<p>To give you an example, in the <strong>Cover Protocol&rsquo;s attack</strong>, hackers exploited a bug in the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-contract/">mining contract</strong></a> to create an infinite number of COVER tokens and drain almost $4.4 million from the project. The hacker was able to take advantage of 40 quintillion tokens on the Cover <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-staking-pool/">staking pool</strong></a>, leading the token price to collapse by 97%.</p>\n<p>&nbsp;</p>","level":"easy","meta_title":"What is Infinite Mint Attack? Definition & Meaning | Crypto Wiki","meta_description":"Infinite Mint Attack meaning: Infinite Mint Attack - an attack when a hacker or an unwanted entity mints an infinite amount of tokens within a protocol.","meta_keywords":null,"language":"en","created_at":"2022-03-17T14:28:11.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-infinite-mint-attack"},"prevSection":{"id":405,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Impermanent Loss?","slug":"what-is-impermanent-loss","section":"I","keyword":"Impermanent Loss","status":"published","definition":"a temporary loss of the funds of a liquidity provider that occurs due to the volatility in a trading pair.","content":"<p>Impermanent loss is a temporary loss of funds due to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility in a trading pair that <strong>liquidity providers</strong> experience. This loss could also represent the amount of money <strong>someone would have</strong> if they would have continued to hold on to their assets rather than provided liquidity.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity-pool/">Liquidity pools</strong></a> usually have two assets that might <strong>differ in terms of stability</strong>. For example, one asset might be DAI, a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">stablecoin, and the other could be <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum (ETH)</strong></a>, a more volatile asset. Now, let&rsquo;s say that <strong>a provider has to offer equal levels of liquidity</strong> for ETH and DAI but the price of ETH goes up all of a sudden.</p>\n<p>Since the price of ETH in the liquidity pool <strong>no longer reflects the reality</strong>, this creates an appealing opportunity for arbitrage. Thus, other traders will buy ETH at a discounted price until the ratio of DAI to ETH is balanced again and it is ensured that it will stay this way.</p>\n<p>After that, <strong>a liquidity provider</strong> will probably have a bigger amount of DAI and a smaller amount of ETH. Impermanent loss shows the difference between the current value of a provider's assets and <strong>the value they would have</strong> if these assets remained in an exchange for a longer period of time. Note that loss becomes permanent only when a provider decides to remove their liquidity.</p>","level":"easy","meta_title":"What is Impermanent Loss? Definition & Meaning | Crypto Wiki","meta_description":"Impermanent Loss meaning: Impermanent Loss - a temporary loss of the funds of a liquidity provider that occurs due to the volatility in a trading pair.","meta_keywords":null,"language":"en","created_at":"2022-03-17T14:15:16.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-impermanent-loss"},"currentChapter":"I","currentSection":"what-is-in-the-money-out-of-the-money","chapterTitle":"I","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-in-the-money-out-of-the-money","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter I

What is In-the-Money/Out-of-the-Money?

In-the-Money/Out-of-the-Money MEANING:
In-the-Money/Out-of-the-Money - In-the-Money / Out-of-the-Money – options trading mechanisms that allow investors to bet on the future price of an asset or cryptocurrency and take profit if they are correct.
Medium
2 minutes

Let's find out In-the-Money/Out-of-the-Money meaning, definition in crypto, what is In-the-Money/Out-of-the-Money, and all other detailed facts.

Options trading is one of the most commonly used tools in traditional investing in the stock market. It allows investors to bet on the price of a stock and, if the bets are correct, they profit from it. Many exchanges in the cryptocurrency world started using options trading as well. While cryptocurrency trading differs greatly from traditional stock market trading, several principles and trading tools are applicable to both markets.

In-the-money (ITM) and out-of-the-money (OTM) are two of the world's most prominent trading processes that indicate the type of position an investor takes regarding an asset's or cryptocurrency's present price. Options trading allows investors to speculate on an asset's future price and benefit if their forecast is true.

The ITM strategy is when an investor bets money on a price that has already been surpassed by the asset. When a trader wishes to hedge their funds against a position, he will utilize this sort of options trading. ITM options trading mechanism is beneficial because it carries time value and intrinsic value meaning that it’s a less risky investment because it witnesses smaller price fluctuations.

The OTM strategy is similar to the ITM strategy but the difference is that an investor stakes money on a price that the asset hasn't reached yet. This means that OTM investments only have time value without intrinsic value. For this reason, OTM investments mostly end up being cheaper than ITM investments. OTM options trading is usually chosen by investors that have a strong hunch that the asset’s price will go up in the future.

Options trading can be very profitable for crypto investors because of the highly volatile nature of cryptocurrency projects and large price fluctuations. Bitcoin (BTC) and Ethereum (ETH) are the two cryptocurrencies that are perfect for options trading because they are extremely volatile.
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