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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

strike index  

Definition 1.

The price at which the buyer of an index option can buy or sell the underlying stock index.
 

Definition 2.

For a stock index option, the index value at which the buyer of the option can buy or sell the underlying stock index. The strike index is converted to a dollar value by multiplying by the option's contract multiple. Related: Strike price.
 
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