Face Value

The stated value of a financial instrument at the time it is issued. For stocks, the face value is the original value shown on the stock certificate. For bonds, it is the amount paid to the holder at maturity (often $1,000 or $100). Note, the face value of a stock or bond usually does not denote the actual market value, which is based on supply and demand.

This is a definition, not a recommendation. Options carry risk and can expire worthless. See how the desk actually trades at TrueTrader.