When the strike price is greater than the underlying stocks trading price ,in order for the option to become an ATM ot ITM the stock must rally in price .
Xpert Comments
OTM calls are bought by the traders who are over bullish on the stock and expect a definite price movement , Basically the option would be worthless if expired today. Deep out of the money calls are bought who are willing to pay a premium on the basis of time value ,time value decreases as the option moves closer to expiry.