Deep out of the money (finance) and Saite (iou)

Deep out of the money (finance)

A call option with an Exercise price substantially above the market price. Also put option with an Exercise price substantially below the underlying stock's market price.

Saite (iou)

Saite noun & adjective. L17.

A. noun. A native or inhabitant of Sais (see SAITIC). L17.
b. adjective. Of or pertaining to Sais; = SAITIC. M19.

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