Strike price
- Japanese
- 行使価格
- Also known as
- Exercise price, Strike
- Last reviewed
- September 25, 2026
This is a draft, shown for review before publication.
The strike price is the trade price, fixed in advance, at which the holder of an option can exercise the right to buy or sell the underlying asset.
Related terms
Explained in detail
Pages that use this term
- Introduction to Stochastic Calculus (Ito's Lemma)
- What Is a Derivative?
- Exercise Styles: European, American and Bermudan
- Put-Call Parity
- Option Strategies
- Overview of Exotic Options
- Barrier Options
- Digital Options
- Asian Options
- Lookback Options
- Basket Options
- Quanto Options
- Caps and Floors
- Overview of Exotic Rate Products
- Bermudan Swaptions
- CMS Spread Options
- Range Accruals
- FX Forwards
- FX Options
- FX Option Market Conventions
- Overview of Exotic FX Products
- FX Barrier Options
- Target Redemption Forward (TARF)
- Power Reverse Dual Currency (PRDC)
- Equity Index Options
- Single Stock Options
- Warrants
- Dividend Swaps and Futures
- Variance Swaps and Volatility Swaps
- Worst-of Options
- Cliquets
- Autocallables
- Inflation-Indexed JGBs and BEI
- Inflation Caps and Floors
- Weather Derivatives
- Volatility Products such as VIX Futures
- Freight Derivatives (FFA)
- Exchangeable Bonds (EB)
- Equity Index-Linked Notes
- Callable Bonds and Early Redemption Features
- Convertible Bonds (CB)
- Digital Coupon Notes
- No-Arbitrage and Replication
- Binomial Trees
- Risk-Neutral Valuation
- The Black-Scholes Model
- The Greeks
- Implied Volatility
- Volatility Smiles and Surfaces
- The Black and Bachelier Models
- CVA and DVA
- The Hull-White Model
- The LIBOR Market Model (LMM)
- The SABR Model
- Local Volatility Models
- The Heston Model
- Model Calibration
- Monte Carlo Simulation
- Finite Difference Methods
- Delta Hedging
- Managing Gamma and Vega
- Hedging Exotic Products
- Volatility Trading
- Sensitivities: DV01, Vega and Key Rate Sensitivities
- Mark-to-Market Reporting to Clients
- Lifecycle Event Processing
- Accounting Operations
- Disclosures in the Notes
- The Standardized Approach for Counterparty Credit Risk (SA-CCR)
- Record keeping
- The Arrival of Black-Scholes