Originally Posted by
SailorRob
Oh my god this is gold.
SR to ChatGTP
Have you ever come across the phrase 'out of the money' to mean that something is not worth what you paid for it? Can you scour the internet and the entirety of all of human history.
ChatGTP to SR
I've never encountered the phrase "out of the money" used to mean that something is not worth what you paid for it outside the context of options trading. It's possible that someone may be using the term colloquially or metaphorically in a different context, but in the realm of finance, "out of the money" has a specific and widely understood meaning related to options.
In finance, particularly in options trading, "out of the money" refers to a specific condition of an option contract where exercising the option would not result in a profitable outcome based on the current price of the underlying asset and the strike price of the option.
If you encounter someone using the term "out of the money" in a different context to mean that something is not worth what you paid for it, it may be a colloquial or idiosyncratic usage specific to that individual or group. However, in the broader context of finance and investing, the term has a well-defined meaning related to options trading.