DEFINITION of 'FMAN'

One of the three regular option cycles; represents the months of February, May, August and November. Option cycles refer to a pattern of months in which option contracts expire. Before the introduction of long-term equity anticipation securities (LEAPS), option contracts could only have expiration dates in four given months.

BREAKING DOWN 'FMAN'

Apart from FMAN, the other regular option cycles are JAJO (January, April, July and October), and MJSD (March, June, September and December). FMAN does get the prize, however, for sounding more like a sitcom character than anything else.

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