0 an option (= right to buy or sell shares, etc.) which has no value because the shares, etc. can be only be bought for above their present price, or sold for less than their present price:
The best time to buy an out-of-the-money option is when you expect market volatility to increase.
NYA ORD
European
May 10, 2021
DAGENS ORD
Shimmer
out-of-the-money option