Expiration date

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Related to Exercise Date: Exercise notice, Exercising an Option

Expiration date

The last day (in the case of American-style) or the only day (in the case of European-style) on which an option may be exercised. For stock options, this date is the Saturday immediately following the third Friday of the expiration month; brokerage firms may set an earlier deadline for notification of an option holder's intention to exercise. If Friday is a holiday, the last trading day will be the preceding Thursday.

Expiration Date

The date by which an option contract is abandoned and becomes worthless unless it is exercised. In an option contract, the holder has the right, but not the obligation, to buy or sell (depending on the type of option) the underlying asset within a certain period of time. The expiration date is the time at which the holder will lose the right to exercise the option. A European option can only be exercised on the expiration date, while an American option can be exercised at any point prior to the expiration date.

expiration date

The last day on which an option holder may exercise an option. This date is stated in the contract at the time the option is written.

Expiration date.

The expiration date is the day on which an options contract expires and becomes worthless. Listed options always expire on the Saturday following the third Friday of their expiration month.

For example, if you hold an American-style September equity option, you can exercise it any time before the end of trading on the third Friday in September, or whatever cutoff time your brokerage firm sets. In contrast, European-style options can be exercised only at expiration, usually on Friday.

Under specific circumstances, listed options will be exercised automatically at expiration unless the owner gives instructions not to exercise them.

Unlike the standard term of a listed option, the expiration date of an over-the-counter option is negotiated at the time of the trade.

References in periodicals archive ?
Peter Brooks-Johnson confirmed that, today, he exercised his right to acquire 24,605 performance shares awarded at nil cost in May 2011 ahead of the last exercise date of 3 March 2016.
Between the vesting date and the exercise date the market may tank, or, for some other reason, the option holder chooses not to exercise.
August 2014, following the passing of the Final Exercise Date, and that
60% debentures being purchase pursuant to the exercise of the Call Warrants plus accrued and unpaid interest thereon to and including the Warrant Exercise Date, determined to be Wednesday, October 3, 2012 (the "Warrant Exercise Date" or "Redemption Date").
Warrants") have a final exercise date of 15 June 2014, and a
125% debentures being purchased pursuant to the exercise of the Call Warrants plus accrued and unpaid interest thereon to and including the Warrant Exercise Date, determined to be Thursday, August 16, 2012 (the "Warrant Exercise Date" or "Redemption Date").
The employee's basis in the stock received will be equal to the amount paid under the option at the exercise date.
The exercise date on these warrants is extended initially to March 2019.
the stock's market price on the exercise date over the exercise price) on stock options exercised by the taxpayer's employees.
The Warrantholder has given notice to the Trustee to exercise $10,000,000 Call Warrants for the purchase of $10,000,000 of the Term Assets held by the Trust, and agrees to make payment equal to the sum of 95% of the principal amount of the Term Assets being purchased pursuant to the exercise of the Call Warrants plus accrued and unpaid interest thereon to and including the Warrant Exercise Date, determined to be Tuesday, July 31, 2012 (the "Warrant Exercise Date" or "Redemption Date").
Reminder of Final Exercise Date for Subscription Shares and Revised Form of Proxy for the Annual General Meeting to be held on 21 June 2013