Condition which informs shareholders whether or not it is wise to exercise their stock options. Three common forms of moneyness include "in the money," "out of the money" and "at the money". When an investor is said to be "in the money," they stand to achieve gains by exercising the option. When an investor is said to be "out of the money," they stand to suffer profit losses. If an investor is said to be "at the money," they stand to break even if the option is exercised.