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Expiry Date

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Expiry Date
Options expire on a specified point in time called the "expiry date".
    
It means that they have a limited lifespan. The day on which an options or Futures Contract is no longer valid and, therefore, ceases to exist.  Exchange-traded options have a number of expiry months listed at any one time. Some options Will be available a month ahead of expiry, while others Will be valid for several months. Expiry months are normally listed according to pre-defined cycles. In practice, contracts stop trading on the Last Trading Day of the expiry month.
Posted by  Spintelligent (Pty) Ltd
 
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