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TeachMeFinance.com - explain Strike price (exercise or contract price) Strike price (exercise or contract price) The term 'Strike price (exercise or contract price) ' as it applies to the area of agriculture can be defined as ' The price, specified in the option contract, at which the underlying futures contract or commodity will move from seller to buyer'. Previous 5 Terms: Striation Striations strigiform strigine Strike Next 5 Terms: String Strip cropping Strip mine Strip mining (surface) Strip or stripping ratio About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.