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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.
Providers typically use expiration dates that range from two to four years. A July 2012 MSN Money article noted that three years is the typical time frame. If a new card is issued in February 2014, it would expire in February 2017, for instance. This period of time allows the issuer to balance customer convenience for ongoing use with the marketing and security benefits of a time limit.