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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.
To profit from a higher stock price, you buy call options. Put options increase in value if the stock declines. Options are limited-term contracts, with expiration dates ranging from one to nine months in the future; for you to profit, the stock must make the forecast price move before the options you buy expire.