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Hi, I recently ran into the term "put/call level". Can anyone help me with the explanation of the term, and the relation between the level and the moneyness of an option?! Thanks in advacne G

Hello all, As a begginer, I ran into a term which I am not familiar with. and was hoping to get some help: In general- what is the "put/call level"? and more specificly- what is the relation between the level and the moneyness? Thanks in advance, Gil