Strike price

{
  "id": "MLC-T-INS-003208",
  "term": "Strike price",
  "field": "Insurance and risk management",
  "definition": "The fixed price at which the owner of an option contract can buy (for a call option) or sell (for a put option) the underlying security or commodity. Also known as the exercise price, it is set when the contract is created and remains constant throughout the option's life. The difference between the strike price and the current market price of the underlying asset determines the option's intrinsic value.",
  "url": "https://mlchart.com/terminology/insurance/strike-price/"
}