understanding financial jargon
Option Expiry Date
The Option Expiry Date is the date on which an option expires. If the option is not exercised before the Option Expiry Date, the buyer of the option looses the option premium paid, and the option expires worthless. Options stop trading on the day before the expiry date.
Options usually expire on the third Friday of the month (or the Thursday, if the Friday is a public holiday). Option expiry dates are usually three months or six months from the first date of availability, but can be nine months or more.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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