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Expiration date

Expiration date Definition

The date on which an option expires, after which the option can no longer be exercised. For American-style options this would be the last day the option can be exercised. For European-style options this would be the only day on which the option can be exercised. This is normally the third Friday of an options expiration month, but if Friday happens to be a holiday, the expiration date will fall on the preceding Thursday.

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