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(FINANCE) on a financial derivative, the price at which the final transaction occurs. For example, the strike price of a call option is the price at which the owner of the option may buy the underlying item. If a call option is for 100 bbls of WTI crude oil at a strike price of $85.75/bbl, and the spot price is $86.50, then the option is worth (86.50 - 85.75) x 100 bbls = $75.
A put option is worthless if the strike price is lower than the spot price by the time it expires.
by Abu Yahya April 05, 2010
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Jul 11 Word of the Day
selfish idiots in my neighborhood who think that they don't need to wear a mask because the rest of us do
A maskhole jogged right past me in the park today
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