Can strike price be changed?
Can strike price be changed? The strike price of a bought or sold option cannot be changed once that option is traded. Rather, the strike price of the option is predetermined. The only way to change the strike price for a trade is to offset that trade and then buy or sell an option at a different strike price.
Does strike price matter?
Even if you plan on selling the option before it expires, the strike price matters because it will play a big role in determining the price of your option.
Is strike price negotiable?
A strike price usually isn't negotiable. That's because it's a fixed number based on the independent appraisal of a company share at that time. It is technically possible to grant options at a strike price different from the 409A. But it's not very common and comes with disadvantages.