"In the Money" is a term used in option trading as a determinate to if an option has "Intrinsic Value." In the Money, does NOT mean in profit.

There are two components to an option value, TIME VALUE, and INTRINSIC VALUE.

Time Value + Intrinsic Value = Option Premium.

When the market price is above the option strike price of a CALL option, that option is considered "In the Money" i.e. having intrinsic value.

When the market price is below the option strike price of a PUT option, that option is considered "In the Money" i.e. having intrinsic value.

Option value is composed of two components : Option value = Intrinsic value + time value Intrinsic value is the amount by which the option is in the money and given by the formula Max (0, S-X) Time value of option - this value depends on the time until the expiration date and the volatility of the underlying instrument's price. The time value of an option is always positive and declines exponentially with time, reaching zero at the expiration date. If the option is out of money its intrinsic value will be 0 but will still have time value of money and hence options sell higher than their exercise price.

Read more: http://www.justanswer.com/questions/1v2lv-options-sell-prices-higher#ixzz0NUj0iVGm

'Name' can be a field and 'value' can defined to the that particular field.

Example:

<select name="Car List">

<option value="volvo">Volvo</option>

<option value="saab">Saab</option>

<option value="mercedes">Mercedes</option>

<option value="audi">Audi</option>

</select>

# <select name="month" id="month"> # <option value="1" <?PHP if($month==1) echo "selected";?>>January</option> # <option value="2" <?PHP if($month==2) echo "selected";?>>February</option> # <option value="3" <?PHP if($month==3) echo "selected";?>>March</option> # <option value="4" <?PHP if($month==4) echo "selected";?>>April</option> # <option value="5" <?PHP if($month==5) echo "selected";?>>May</option> # <option value="6" <?PHP if($month==6) echo "selected";?>>June</option> # <option value="7" <?PHP if($month==7) echo "selected";?>>July</option> # <option value="8" <?PHP if($month==8) echo "selected";?>>August</option> # <option value="9" <?PHP if($month==9) echo "selected";?>>September</option> # <option value="10" <?PHP if($month==10) echo "selected";?>>October</option> # <option value="11" <?PHP if($month==11) echo "selected";?>>November</option> # <option value="12" <?PHP if($month==12) echo "selected";?>>December</option> # </select> # # <select name="day" id="day"> # <option value="1" <?PHP if($day==1) echo "selected";?>>1</option> # <option value="2" <?PHP if($day==2) echo "selected";?>>2</option> # <option value="3" <?PHP if($day==3) echo "selected";?>>3</option> # <option value="4" <?PHP if($day==4) echo "selected";?>>4</option> # <option value="5" <?PHP if($day==5) echo "selected";?>>5</option> # <option value="6" <?PHP if($day==6) echo "selected";?>>6</option> # <option value="7" <?PHP if($day==7) echo "selected";?>>7</option> # <option value="8" <?PHP if($day==8) echo "selected";?>>8</option> # <option value="9" <?PHP if($day==9) echo "selected";?>>9</option> # <option value="10" <?PHP if($day==10) echo "selected";?>>10</option> # <option value="11" <?PHP if($day==11) echo "selected";?>>11</option> # <option value="12" <?PHP if($day==12) echo "selected";?>>12</option> # <option value="13" <?PHP if($day==13) echo "selected";?>>13</option> # <option value="14" <?PHP if($day==14) echo "selected";?>>14</option> # <option value="15" <?PHP if($day==15) echo "selected";?>>15</option> # <option value="16" <?PHP if($day==16) echo "selected";?>>16</option> # <option value="17" <?PHP if($day==17) echo "selected";?>>17</option> # <option value="18" <?PHP if($day==18) echo "selected";?>>18</option> # <option value="19" <?PHP if($day==19) echo "selected";?>>19</option> # <option value="20" <?PHP if($day==20) echo "selected";?>>20</option> # <option value="21" <?PHP if($day==21) echo "selected";?>>21</option> # <option value="22" <?PHP if($day==22) echo "selected";?>>22</option> # <option value="23" <?PHP if($day==23) echo "selected";?>>23</option> # <option value="24" <?PHP if($day==24) echo "selected";?>>24</option> # <option value="25" <?PHP if($day==25) echo "selected";?>>25</option> # <option value="26" <?PHP if($day==26) echo "selected";?>>26</option> # <option value="27" <?PHP if($day==27) echo "selected";?>>27</option> # <option value="28" <?PHP if($day==28) echo "selected";?>>28</option> # <option value="29" <?PHP if($day==29) echo "selected";?>>29</option> # <option value="30" <?PHP if($day==30) echo "selected";?>>30</option> # <option value="31" <?PHP if($day==31) echo "selected";?>>31</option> # </select> # # <select name="year" id="year"> # <?PHP for($i=date("Y"); $i<=date("Y")+2; $i++) # if($year == $i) # echo "<option value='$i' selected>$i</option>"; # else # echo "<option value='$i'>$i</option>"; # ?> # </select>

When getting any Information in PHP from a form use $_POST (unless your method is GET in which case $_GET)

This is how you do it (I'm using ( and ) instead of < and >)


(?php


$my_drop_down = $_POST['drop_down_name']; #Then $my_drop_down equals what ever's in value= eg My Value 1, My Value 2,My Value 3
?)


(select name="drop_down_name")
(option value="My Value 1" selected)My Option 1(/option)
(option value="My Value 2")My Option 2(/option)
(option value="My Value 3")My Option 3(/option)
(/select)


(I've also added a few php help links)