Akademik

expiration
An option is a wasting asset; i.e., it has a limited life, usually nine months. At the end of its life, it either becomes worthless (if it is at-the-money or out-of-the-money), or is automatically exercised for the amount by which it is in-the-money. The CENTER ONLINE Futures Glossary
————
The time an options contract lapses. Bloomberg Financial Dictionary
————
Corresponds to the expiration date of a contract. The last day on which an option may be exercised into the underlying futures contract. Chicago Mercantile Exchange Glossary

* * *

expiration ex‧pir‧ation [ˌekspˈreɪʆn] noun [uncountable]
when an official document, period of time, or right to buy shares, currency etc expires; = expiry Bre:

• the expiration of the trade agreement

• The first cycle of options have expiry dates in January, April, July, and October.

* * *

expiration UK US /ekspɪˈreɪʃən/ noun [U] US
EXPIRY(Cf. ↑expiry): »

Trading was brisk as the quarterly expiration of options and futures spurred demand for shares.


Financial and business terms. 2012.