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When Do Options Expire?
Published March 04, 2009 |
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This day is called "Expiration Friday." If the third Friday of the month is an exchange holiday, the last trading day is the Thursday immediately proceeding this exchange holiday.
After the option's expiration date, the contract will cease to exist. At that point the owner of the option who does not exercise the contract has no "right" and the seller has no "obligations" as previously conveyed by the contract.
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