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Investing Glossary:
Expiration date
Copyright 2013,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| The last day (in the case of American-style) or the only day (in the case of European-style) On which an option may be exercised. For Stock options, this date is the Saturday immediately following the third Friday of the Expiration month; brokerage firms may set an earlier deadline for notification of an option holder`s intention to exercise. If Friday is a holiday, the Last trading day will be the preceding Thursday.
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