In the Options Markets a Put Option Is Regarded as Being

Multiple Choice

In the options markets a put option is regarded as being in-the-money if:

A) it is written on a Treasury bond or another money market instrument.
B) it has increased in value since it was first written.
C) the price of the underlying asset is currently less than the strike price.
D) the price of the underlying asset is currently less than the strike price plus the option premium.