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BREAKING DOWN 'Expiration Date (Derivatives)'. The expiration date for all listed stock options in the United States is normally the third Friday of the contract month, which is the month when the contract expires.However, when that Friday falls on a holiday, the expiration date is on the Thursday immediately before the third Friday.Once an options or futures contract passes its expiration date, the contract is invalid.owever, when that Friday falls on a holiday, the expiration date is on the Thursday immediately before the third Friday. Once an options or futures contract passes its expiration date, the contract is invalid.
For monthly option contracts, the expiration is the Third Friday of each month. With the introduction of weekly options into the mix, we now have options that expire every single Friday. The CBOE has a handy calendar that you can download and print for your desk.f you look at a call option into expiration, it has this risk profile: Yup. Itâs a Call Option. We know that if the option is out of the money, it will have no directional exposure (0 delta), and if the option is in the money it will behave like stock (100 delta).