The strike price is a variable that determines the value of an option.

Name: The strike price is a variable that determines the value of an option.
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The strike price is a key determinant of an option's value, as it is the price at which the option holder can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset, affecting the option's intrinsic value and potentially its market value.

The Strike Price Is a Variable That Determines the Value