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.
c) June, July, August, November.
d) 1 June, July, November, February.
The options expire on the Saturday following the third Friday of the month. New series are introduced on the following Monday.
The February sequential cycle consists of the expiration months of February, May, August and November.