How to categorise the Options

General
1

As per my knowledge, There are 5 types of option 

  1. Deep OTM
  2. ​Slightly OTM
  3. ATM
  4. Slightly ITM
  5. Deep ITM

​Nifty options are traded for every 50 points(strike price) e.g. 7000, 7050, 7100, 7150, 7200 & so on. 

if Nifty spot price is say 7125..how will you associate above 5 types with the strike prices 7000, 7050, 7100, 7150, 7200 & so on

2

Everything on options

3

I am assuming you are speaking of call options.

If Nifty spot at 7125, then 7000 is Deep ITM, 7050 is ITM, 7100 and 7150 is ATM, 7200 is OTM, 7250+ is Deep OTM.

4

What an answer bro

5

Nice… Now please answer for PUT