Definitions for "expiration cycle"
The Expiration Cycle is a recurring cycle of months for which options for a...
Traditionally, there were three cycles of expiration dates used in options trading: JANUARY CYCLE (1): January / April / July / October FEBRUARY CYCLE (2): February / May / August / November MARCH CYCLE (3): March / June / September / December Today, equity options expire on a hybrid cycle which involves a total of four option series: the two nearest-term calendar months and the next two months from the traditional cycle to which it has been assigned.
The expiration dates applicable to the different series of options. Traditionally, there were three cycles: Cycle Available expiration months January January / April / July / October February February / May / August / November March March / June / September / December Today, equity options expire on a hybrid cycle which involves a total of four option series: the two nearest-term calendar months and the next two months from the traditional cycle to which that class of options has been assigned. For example, on January 1, a stock in the January cycle will be trading options expiring in these months: January, February, April, and July. After the January expiration, the months outstanding will be February, March, April and July.