What does strike price mean?
Last updated: 12 August 2026
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A strike price is the predetermined price at which the underlying security can be bought or sold upon the exercise or assignment of an option contract.
For a call option, the strike price is the price at which the purchaser has the option to buy the underlying security. For a Put option, the strike price is the price at which the purchaser has the right to sell the underlying security.
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