Mar 31?

Discussion in 'Options' started by Arnie Guitar, Mar 23, 2011.

  1. Shouldn't the expiration be Apr 1?

    Mar 31 is a Thursday.
     
  2. http://www.schwab.com/public/schwab...derstanding_weekly_and_quarterly_options.html

    How do quarterly options work?
    Here are some important mechanics of quarterly options:

    They're currently only available for indexes and ETFs (no quarterly options exist for stocks at this time) and only on a limited number of names.
    Quarterly options expire on the last business day of each calendar quarter (March, June, September and December). This means that the expiration date (and subsequently the last trading day) for these options could land anywhere from Monday to Friday.
    They can be cash-settled (indexes) or physically settled (ETFs).
    They're all P.M.-settled. For quarterly index options this means their exercise settlement value will be based on the closing level of that index on the day the options expire.
    Underlying ETFs or indexes with quarterly options that expire on a Friday will not have a weekly option that expires that same week.
    Up to eight quarterly option contracts may be listed at the same time.
     
  3. Thank you.
     
  4. pitcher

    pitcher

    All Congressmen and Senators will put a bill before the House to stop oil futures trading Monday. Only a business that uses oil in their business can buy oil, no futures trading will be allowed.
     
  5. LOL, you'll never get "all" congressmen to agree on anything. Do you have a source for this?
     
  6. no...he has no source...he posted this on the energy forum as well...come on dude what is YOUR SOURCE!!!!....idiot
     
  7. There is an opex for the 3/31 and one day later for 4/1 on the SPX. Probably too late now but any ideas on how to play this?
     
  8. pitcher

    pitcher

    Wait and see.