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Back to Options
Options Basics

Strike Price and Expiration

Overview

The strike price is the agreed-upon price at which the option holder can buy (call) or sell (put) the underlying. Expiration date is the last day the option can be exercised. Options are classified as ITM (In The Money), ATM (At The Money), or OTM (Out of The Money) based on the relationship between the strike and current price.