Have been trading ETFs succesfullyfor some time, with up to 4X leverage (DDM on margin). Now Im into options, buying QQQQ shares with at least 100 days left. Likely will wait a bit before moving (if ever move into) shorter term options.
Options on Exchange Traded Funds (ETFs) and HOLDRs Product Specifications ... Expiration Date: Saturday immediately following the third Friday of the expiration month. Expiration Months: Generally, two near-term months and two months from the March quarterly cycle (March, June, September and December). LEAPS may also be available.