Options Strike Price

The price at which an underlying security (stocks) can be purchased
or sold if the option is exercised. You'll make a profit when
stock price goes above (for call) or go below (for put) the strike
price.

Options are available in several strike prices.

Stocks priced below $25/share usually have strike prices
at $2.50 intervals. For e.g. $10.00, $12.50, $15.00

Stocks priced above $25/share will have a $5.00 intervals.
For e.g. $30.00, $35.00, $40.00

At $200, they go into $10 intervals.

Strike price is also known as exercise price.

Tomorrow, we'll look at Expiration Date.