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BREAKING DOWN 'Expiration Date (Derivatives)'. The expiration date for all listed stock options in the United States is normally the third Friday of the contract month, which is the month when the contract expires.However, when that Friday falls on a holiday, the expiration date is on the Thursday immediately before the third Friday.Once an options or futures contract passes its expiration date, the contract is invalid.owever, when that Friday falls on a holiday, the expiration date is on the Thursday immediately before the third Friday. Once an options or futures contract passes its expiration date, the contract is invalid.
If you renew it during the 3 calendar months preceding the month of your current expiration you will retain same expiration month. For example, if your current expiration month is June 2004, and you renew it in January 2004, your new expiration date would be January 31, 2006. If you renew it anytime between March 1st and June 30, 2004 and your new expiration date would be June 30, 2006.