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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 expiration date is a date that applies to per diem rates, which is important when calculating a pilot or flight attendant's M&IE expense. The expiration date is the last date that CONUS or OCONUS per diem rates are valid.It is imporant to review the effective date, the expiration date, the seasonal start date, and the seasonal end date for any layover locations used in a per diem calculation.Often, the expiration date for per diem rates occurs on October 1st.That date marks a time called the transition period, which is the last three months of a calendar year. Help your facebook friends save money by recommending us! Please refer us.t is imporant to review the effective date, the expiration date, the seasonal start date, and the seasonal end date for any layover locations used in a per diem calculation. Often, the expiration date for per diem rates occurs on October 1st.