Strike index

Strike index

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.

Strike Index

The strike price on an index option. An index option is a call or put option contract in which the underlying asset is an index of any sort. For example, in a call, an investor may buy the right to an index on or before the expiration date at a certain strike index. Obviously, one cannot buy or sell a physical index; so the underlying asset is said to be the dollar value of an index at a certain date and time multiplied by $100. Because physical delivery is not possible, when a stock index option is exercised, the delivery is the cash value of the strike index.
References in periodicals archive ?
En nuestro caso, el precio de ejercicio es el "strike index", si el HDD acumulado real es mayor que el pactado, entonces el inversionista no ejerce la opcion, debido a que esa cuantia esta justificada por temperaturas bajas.
Dado que no existe tal mercado, en el que se puede adquirir un contrato sobre HDD's, se estable que la otra parte retribuira a quien compra la opcion de venta por el diferencial que existe entre el Strike Index y el HDD acumulado real, multiplicado por el factor de monetizacion.
(6) The Pearson Correlation Coefficients between the simple own-industry strike index and the supplier industry strike index for all industries and for all-but-own industries are 0.62 and 0.01, respectively.