The official price at the end of a trading session. This price is established by The Options Clearing Corporation and is used to determine changes in account equity, margin requirements, and for other purposes.
See Also:
Price: Price of a share of common stock on the date shown. Highs and lows are based on the highest and lowest intra-day trading price.
Settlement: The process by which the underlying stock is transferred from one brokerage account to another when equity option contracts are exercised by their owners and the inherent obligations assigned to option writers.