Answer:
The answer is C.
Explanation:
Option A is correct because a call option is in the money when the price of the underlying asset(S) is greater than the exercise price (X)
Option B is correct because a call option at the money when the price of the underlying asset(S) is equal the exercise price (X)
Option V is incorrect because a put option is in the money when the price of the exercise price(X) is greater than the underlying price (S). (X -S > 0)