Common comparison error
Strike price is the comparison level, not necessarily the visible spot quote, entry display, barrier, or final settlement value.
GlossaryPricing & settlement
Strike price
The reference level against which the contract outcome is evaluated.
Detailed explanation
How Strike price works in practice
01
Mechanics
The strike is a contract reference level, while entry spot, selectable barrier, upper and lower boundary, chart quote, exit spot, and settlement value can be different fields. The outcome also depends on strict or inclusive equality.
02
Worked example
Test values below, above, and exactly equal to the strike. Save full precision because a screen rounded to 100.00 can conceal a stored value of 99.995 or 100.004 and produce a result that looks inconsistent.
03
Decision rule
Confirm the price source, quote side, selection rule, equality rule, observation period, correction policy, and history field. Moving a strike changes the contract condition and displayed payout, not an observable probability.
Practical use
How to verify Strike price
Read Strike price together with Entry price, At-the-money (ATM), Barrier breach. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
A ticket accepts strike 1.08500 at 14:00 UTC and later settles against a stored bid of 1.08501. Source, precision, equality rule, and expiry establish the one-point-above result.
Evidence path
Where to verify Strike price
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.