™At expiration, a $50 strike call with a $60 stock price has $10 intrinsic value per share; subtract the paid premium to calculate the holder's result.
Options
Call option
A contract generally giving the buyer the right, but not the obligation, to buy at the strike price.
Plain-English context
Put the definition to work.
A call can be in the money while its buyer has a net loss. Separate intrinsic payoff, premium and exercise exposure.
Further reading and verification. Examples are hypothetical, not current quotes or recommendations. Product terms, tax treatment and market rules can change. OCC / Options Industry Council — options basics