Common comparison error
Strict strike condition cannot be inferred from a rounded chart; precision, quote side, equality, frequency, and At the money ATM may change settlement.
GlossaryPricing & settlement
Strict strike condition
Price must be strictly above or below the reference; equality does not satisfy the condition.
Practical use
How to verify Strict strike condition
Read Strict strike condition together with Inclusive strike condition, At-the-money (ATM), Strike distance. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
Price prints 99.9998 beside a 100 level in Strict strike condition. Stored precision and strict or inclusive wording decide the result, not rounded Inclusive strike condition text. This cannot be swapped with a neighboring term: for Strict strike condition, exact equality fails because price must be strictly above or strictly below the reference.
Evidence path
Where to verify Strict strike condition
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.