Strike Price

The priceThe dollar amount that was offered, asked, or actually paid for a property., specified in the optionThe unilateral right to do something. For example, the right to renew a lease or purchase a property. contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder, at which the underlying futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined, securityThe property that will be pledged as collateral for a loan., or commodityA commodity, as defined in the Commodity Exchange Act, includes the agricultural commodities enumerated will move from sellerA person who makes a transfer of title to real estate. to buyerA market participant who takes a long futures position or buys an option. An option buyer is also called.