The strike price is a standardised agreed set price of an option,"if reached", it's where your options will begin to accumulate intrinsic values equal to the share in that stock (AGO), the strike price, if not reached, at or before expiration date, means you cannot exercise your options; you can trade your options anytime you wish, only when options approaches expiry date, it becomes less valuable and also less liquidity; Strike/Exercise price if not reached, means you cannot convert options to shares. Options can and do become worthless if you let it go over expiry date. (DYOR)
Get more training in options, can sometime be complexed.
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