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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.
So short-term plans with longer durations were still available for sale through the end of March, as long as theyâre scheduled to terminate on or before December 31, 2017. As of April 1, no short-term plans can be sold that have durations of three months or longer (90 days is ok). Prior to 2017, eight states already limited short-term policies no more than six months â in addition to the five states that didnât have short-term plans at all.