Copyright © 2004-2008 Delta Interval, Inc.(www.deltainterval.com), All Rights Reserved. Legal Notice.
Dates
Last Trading Day
The last trading day for stock options is typically the third Friday of the expiration month.
Expiry Date
Stock options expire the day following the last trading day. The expiry date is the Saturday following the third Friday of the expiration month.
Settlement Day
Trading Options
The settlement day for buying and selling stock options is "T+1" (one business day after the trade day). The settlement day for trading options is simply the day when the buyer must pay for the option and the day that the seller must deliver the contract.
Exercising Options
The settlement day for exercising stock options is "T+3" (three business days after the trade day). The settlement day for exercising options is simply the day when the money must be paid and the stock must be delivered.
Copyright © 2004-2008 Delta Interval, Inc.(www.deltainterval.com), All Rights Reserved. Legal Notice.