are near-the-money )  the TRADE:   get long (BUY)  "slightly" out-of-the-money calls, and watch them  go from near-the-money  ..... to  .....  IN-THE-MONEY!!!  ATM: At-the-money An  option  is  at-the-money  if the  strike price  is the same as the spot price of the underlying security on which the option is written. An  at-the-money