The Out-The-Money (OTM) Call Option
An out-of-the-money call option is a call option that has no “moneyness” because the market price does not exceed the strike price.
In other words, the market price < strike price of option.
Or, in the example, the 105-strike > 100-stock. Therefore, it’s an out-of-the-money (OTM) call option.