Wednesday, November 4, 2015

Expiration Saturday is no more

I neglected to mention it at the time, but Expiration Saturday has left us.
The Options Clearing Corporation (OCC) is pursuing the transition of standard option monthly expiration processing from Saturday morning to Friday evening. 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. The anticipated February 1, 2015 cut-over date will not impact existing standard monthly options, including FLEX contracts.
No tears were shed.