What Is the ‘Strike Price’?
The strike price (or exercise price) is the predetermined price at which the holder of an option can buy (for a call) or sell (for a put) the underlying asset when exercising the option. It is a fixed term of the contract and is a crucial determinant of the option's value.
Glossar
Underlying Asset
Futures Pricing incorporates the cost of carry, which in crypto markets includes funding rates derived from perpetual swap markets and the time value associated with holding the spot asset.
Strike Price
Reference ⎊ The Strike Price is the predetermined reference level set at the contract's inception against which the underlying crypto asset's spot price is compared at expiration or exercise.