strike price (exercise price)

Definition of "strike price (exercise price)"
  1. The agreed upon amount in an option contract where the asset, such as futures, securities, or commodities, transfers from the seller to the buyer
How to use "strike price (exercise price)" in a sentence
  1. The strike price of the option contract was set at 1500 dollars.
  2. He decided to sell as the market price exceeded the strike price of his option contract.
  3. The exercise price, also known as the strike price, was much lower than the current market price.

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