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strike
What does strike mean?
The strike price: the fixed price at which an option's holder can buy (call) or sell (put) the underlying. Choosing strikes is central to any options play.
"I picked a strike way out of the money for the lottery payout."
Origin
Standard options terminology, constantly referenced in WSB options discussion.
Frequently asked questions
What is a strike in options?
The strike is the strike price — the fixed price at which an option's holder can buy (for a call) or sell (for a put) the underlying stock. Picking a strike is central to any options play.
What does 'out of the money' strike mean?
It's a strike set far from the current price, so the option only pays off with a big move. Traders pick these for cheap, lottery-style bets with large potential payouts.
How do you choose an option strike?
Traders pick strikes based on how far and fast they expect the stock to move — closer strikes are safer but cost more, while distant strikes are cheap long shots.
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