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Basic Question 2 of 18

The specified price at which the underlying asset can be bought or sold with an option contract is ______.

A. the premium price
B. the strike price
C. the optimum price
D. the selling price

User Contributed Comments 2

User Comment
Tomm Also known as the exercise price.
MattNYC Striking price is known as X as well, as denoted by the CFA in its formulas.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

determine the value at expiration and profit from a long or a short position in a call or put option

contrast forward commitments with contingent claims

CFA® 2025 Level I Curriculum, Volume 5, Module 2.