expiration date

Expiration Date

The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.

Notes:

The expiration date for all listed stock options in the U.S. is the third Friday of the expiration month (except when it falls on a holiday, in which case it is on Thursday).

See also: Futures, Max Pain, Nearby Month, Option, Option Cycle

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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.

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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.