Series 7: 5.2.4.3. Expiration Date

Taken from our Series 7 Online Guide

5.2.4.3. Expiration Date

Expiration dates are standardized by the OCC. All equity options expire on the third Friday of the month. Trading must also cease on this Friday or the third Thursday if Friday is a holiday. Holders of expiring options must exercise their options by Friday.

Long-term Equity AnticiPation Securities (LEAPS). While options histori

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