spot price 

(FINANCE) market price of a traded stock, commodity, currency, or bond at a specific point in time. For example, right now it's 5 April 2010 08:10 (GMT), and the spot price of WTI crude is $85.56/bbl. Spot price is the price at a specified time on a specific market.

The value of a derivative is determined by the relationship of its strike price to its spot price.

spot price by Abu Yahya April 5, 2010