Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
The Strike, or Exercise, price of an option is the price at which the underlying security can be bought (for Call options) or sold (for Put options) by the buyer of the option if the option is exercised. The option exchanges establish new strike prices when the underlying security consistently trades at a new level.
