exercise price

/EH1 K S ER0 S AY0 Z P R AY0 S/
noun
  1. 1

    The price, fixed at the date of the initial transaction, at which an option can be exercised at its expiration (the price at which an asset may be bought for a call option; the price at which an asset may be sold for a put option).

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Source: https://en.wiktionary.org/wiki/exercise%20price, https://en.wiktionary.org/wiki/strike%20price

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