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Simple English definitions for legal terms

striking price

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A quick definition of striking price:

Striking price refers to the price at which an option can be exercised. It is also known as the strike price. When an investor buys an option, they have the right to buy or sell an underlying asset at the striking price. The striking price is predetermined and agreed upon by the buyer and seller of the option. It is an important factor in determining the value of an option and can affect the potential profit or loss for the investor.

A more thorough explanation:

Definition: The striking price is the price at which an option can be exercised. It is also known as the strike price.

Example: Let's say you buy a call option for a stock with a striking price of $50. This means that you have the right to buy the stock at $50 per share, regardless of its current market price. If the stock price rises above $50, you can exercise your option and buy the stock at the lower striking price.

Explanation: The example illustrates how the striking price works in options trading. The striking price is the predetermined price at which the option can be exercised, and it is set at the time the option is purchased. If the market price of the underlying asset (in this case, the stock) rises above the striking price, the option holder can exercise the option and buy the asset at the lower striking price, which can result in a profit.

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renard99
14:19
@soyalmondoatmilk: Congratulations!!!
jackfrost11770
14:19
I applied in November
jackfrost11770
14:19
Idk when the As did
GreyCeaselessMammoth
14:19
does anyone know if they usually release all at once or waht
nothing
jackfrost11770
14:20
Well I hope not otherwise I'm screwed
jackfrost11770
14:21
Anderson cooper PLEASEEEEE
For ED and their last wave of decisions it was an email all at once
GreyCeaselessMammoth
14:22
ugh
gonna go cry
jackfrost11770
14:22
Ugh
jackfrost11770
14:22
:(
ReminiscentZestyFish
14:23
Small ahh wave
GreyCeaselessMammoth
14:23
yeah the smallness of this wave makes me think there might be more to come? am i being crazy? only one wave a month it should be a tsunami rn
14:24
@jackfrost11770: chillll it still early in the cycle, especially relative to this and last yearrrr
its also still early in the day
i think theres def more waves todayu
StillDoingMyBest
14:25
do y'all think the lsat is easier or harder without the logic games
[] starfishies
14:25
ppl prob need a few minutes to update their results
pee pee poo poo
if i get a decision today ill dye my hair
14:26
dye it grey plz
or ppiece a new whole
i would look terrible with grey hair
jackfrost11770
14:27
I do think that vandy does hella small waves if not even individual decisions
jackfrost11770
14:27
Tex got WL randomly and he was like, the only one
jackfrost11770
14:27
On a Sunday
GreyCeaselessMammoth
14:27
jack that makes me feel better
ReminiscentZestyFish
14:27
Closed on Sunday
ReminiscentZestyFish
14:27
you my Chic Fil A
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