What is the Expiration Day of Options?

Every option has an expiry date or an expiration date. You can exercise your right to buy/sell up to this date. The contract expires on the previous trading day.

The expiry date of options in India

In India, four types of options can be traded, which expire on different dates.

1. Stock options: Stock options have monthly contracts and expire on the last Thursday of every month.
2. Index options: For index options, there are monthly and weekly contracts. Monthly contracts expire on the last Thursday of each month. Weekly contracts expire on Thursdays.
3. Commodity options: Commodity options expire three business days prior to the tender period of the underlying commodity futures.
4. Currency options: Currency options expire two business days prior to the last business day (i.e., the last trading day) of the expiration month.