The price at which the share or asset may be purchased from (or sold to)the option writer is referred to as

Question

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The exercise or strike price is the price at which the option can be purchased from (or sold to) the option writer. The intrinsic value of the option refers to the difference between the exercise price and the market price of the underlying asset, while the option premium is the price paid for the option itself. Open interest refers to the total number of outstanding options contracts for a particular security.

The Price at Which the Share or Asset May Be