Last trading day


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Last trading day

The final day under an exchange's rules during which trading may take place in a particular futures or options contract. Contracts outstanding at the end of the last trading day must be settled by delivery ofunderlying physical commodities or financial instruments, or by agreement for monetary settlement, depending futures contract specifications.

Last Trading Day

1. In options, the expiration date.

2. In futures, the last day on which a contract may be traded. After the last trading day, whoever holds the contract must either take delivery of the underlying assets or agree to settle in cash.

last trading day

1. The day on which a trader must liquidate a futures position or else be required to receive (if long) or make delivery (if short). Following this day, the particular contract will cease trading.
2. The last day on which a particular option is traded. Currently, this day is the third Friday of the expiration month.

Last trading day.

The last trading day is the final day on which an order to buy or sell an options contract or futures contract can be executed.

In the case of an options contract, for example, the last trading day is usually the Friday before the third Saturday of the month in which the option expires, though a brokerage firm may set an earlier deadline for receiving orders.

If you don't act on an option you own before the final trading day, the option may simply expire, or if it is in-the-money it may be automatically executed on your behalf by your brokerage firm or the Options Clearing Corporation (OCC) unless you request that it not be.

But if a futures contract isn't offset, the contract seller is obligated to deliver the physical commodity or cash settlement to the contract buyer.

References in periodicals archive ?
The final settlement price fixing of the Gold-mini and Platinum-mini will be based on the opening price of the day session on the last trading day of the standard contract of the respective commodity.
Today, the last trading day of the month, there are in total 26,241,661 shares and 32,181,661 votes in Medivir.
00 per ADS on the last trading day of any calendar month during the period and also have an average closing price of at least $1.
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This represents a 33 percent premium over the last trading day before the merger was announced on December 6, 2006.
The estimate was based on closing levels of stock prices Friday, the last trading day of fiscal 2001, assuming that part of such losses were declared as losses in closing books, the institute said.
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375% Notes became convertible because the closing sale price of Hilton's common stock for at least 20 consecutive trading days during the 30 consecutive trading day period ending on the last trading day of the calendar quarter ended December 31, 2006 was greater than 120% of the conversion price in effect on such last trading day.
The Company can also regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the six-month cure period the Company's ADSs have a closing share price of at least $1.
Our testing was done using a simple selection method and buying stocks on the last trading day of the month and then selling them at the end of the last trading day of the following month.
0% Convertible Senior Notes due 2025 (the "notes") are now convertible at the option of the holders and will remain convertible through March 30, 2007, the last trading day of the current fiscal quarter, as provided for in the Indenture governing the notes.
PARIS, December 14 /PRNewswire-FirstCall/ -- - December 19, 2007 Will be the Last Trading Day for Non-Consolidated Shares