An option's strike price is the stock price at which the option holder breaks even.

Name: An option's strike price is the stock price at which the option holder breaks even.
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The strike price of an option is the price at which the holder can buy (call option) or sell (put option) the underlying asset, not the price at which they break even. The break-even point is determined by the strike price plus or minus the premium paid, depending on the type of option.

An Option's Strike Price Is the Stock Price at Which