Expiry
Also called: expiry date, expiration
The last day a derivative contract exists, after which it is settled.
Options lose their remaining time value at expiry and are worth only their intrinsic value. Expiry days can be very volatile. Which expiries exist is set by exchange and SEBI rules and has changed over time.
Learn more in these lessons
- Strike prices, premiums and expiryWhat do the numbers in an option quote mean, and is a cheap option a good deal?
- Expiry, gap and settlement risksWhat can go wrong with a derivative position around expiry and overnight?
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