A series of months during which the options of a particular security expire. All options are placed in one of 3 cycles: the January cycle (January, April, July, October), the February cycle (February, May, August, November), or the March cycle (March, June, September, December). This cycle does not apply to LEAPS.
A pattern of months in which option contracts usually expire (usually a nine month period). There are three common cycles:JAJO - January, April, July, and OctoberMJSD - March, June, September, and DecemberFMAN - February, May, August, and November