Chapter 02 · Section 2.1

Expirations in February Cycle

Assume that today is the third Friday in May. Which expirations will be traded as of the coming Monday in options on the February cycle?

• a) May, June, July, August.
  No. The options expire on the Saturday following the third Friday of the month. After the May expiration, this series is no longer available.
  b) June, July, August, September.
  c) June, July, August, November.
  d) 1 June, July, November, February.

(Click here for help)