Expiration Date

Dictionary Says

Definition of 'Expiration Date'

The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.
Investopedia Says

Investopedia explains 'Expiration Date'

The expiration date for all listed stock options in the U.S. is the third Friday of the expiration month (except when it falls on a holiday, in which case it is on Thursday).

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