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.
• b) June, July, August, September.
  No. The two near-term expirations are correct. As far as the far-term expirations are concerned, September is not included in the February cycle.
  c) June, July, August, November.
  d) 1 June, July, November, February.

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