Striking Price Intercal
The distance between striking prices on a particular underlying security. Normally, the interval is 2-1/2 points for stocks under $25, 5 points for stocks selling over $25 per share, and 10 points (or greater) is acceptable for stocks over $200 per share. There are, however, exceptions to this general guideline.
Nearby TermsStrike price Striking price Striking Price Intercal Strip Strip mortgage participation certificate (strip PC)
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University