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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.
As result, the expiration date for standard monthly options will be changing from the Saturday following the third Friday of the month to the third Friday of the month.There is a cut-over date of February 1, 2015.Currently, it is anticipated that all standard monthly options that expire prior to February 1, 2015 will have a Saturday expiration date and all standard monthly options that expire on or after February 1, 2015 will have a Friday expiration date.for example, the April Weeklyâs that cease to trade on Friday April 26th will expire on that Friday the 26th, not Saturday the 27th). The only products with Saturday expiration are the standard â 3rd Friday of the month options.