ELEMENTS OF AN OPTION TRADE OR TICKET

When putting on an option trade, the forex trader will encounter key terms that are important to know, including the following:

Trade date—the time when the trade is put on. Spot price—the exact market value of the spot currency at the moment.Option type—refers to whether the option is a call or put or other variety.Strike price—the price the trader selects as the barrier, which will determine if the trade becomes profitable.Valuation date—the date on which the valuation is valid.Expiration or maturity date—the date when the option expires and the owner of theoption no longer has the rights to it.