The fixed price written into an option contract. The exchange lists a whole ladder of them around the current index level — fifty points apart on NIFTY near the money, a hundred on BANKNIFTY — and every figure on an option board is computed per strike before anything is summarised across the ladder.
Mayawhat these words mean
Maya reads the desk’s written explainers and the glossary. She holds no market data at all, so she can say what a thing is and cannot say what it is doing today.