spot price
(finance) market price of a traded stock, commodity, currency, or bond at a specific point in time. for example, right now it’s 5 april 2010 08:10 (gmt), and the spot price of wti crude is $85.56/bbl. spot price is the price at a specified time on a specific market.
the value of a derivative is determined by the relationship of its strike price to its spot price.
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