At The Money

An option is at-the-money if the strike price of the option equals the market price of the underlying security.

Investopedia Says:
For example, if XYZ stock is trading at 75, then the XYZ 75 option is at-the-money. You can essentially think of this as the break-even point (when you don't take into account transaction costs).

Related Links:
An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. Options Basics Tutorial
Find out how to navigate this evolving area of the financial markets. Mapping Out The Stock Options Landscape
Understanding how options work and the markets they trade in will help you get a better price for your option. Alternatives to Closing Below Intrinsic Value
This different approach to the covered call write offers less risk and greater potential profit. An Alternative Covered Call Options Trading Strategy

At the current price, as an option with an exercise price equal to or near the current price of the stock or underlying futures contract. See also Deep In/Out of the Money; in the Money; Out of the Money.