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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.
The Binary Option Contract. Binary option contracts typically last anywhere from one hour to one month, but offers traders the ability to buy contracts that are even shorter-termâdown to five minutes before they expire. To make accurate predictions, it is important to know exactly how much time is left before an option expires.