When Do Weekly Options Expire?
Typically the expiration dates for weekly options are on
each Friday of the month, with the exception of the third Friday. The third
Friday of the month is the expiration date for standard monthly options, and as
such, there are no weekly options expiring on those dates.
The exception to weekly options expiring on the first,
second, fourth and fifth Friday in any given month is when there is an exchange
holiday on one of those dates. In the case that a holiday falls on a date that
would normally be the expiration date of a weekly option, the date is changed
to the preceding trading day (Thursday).
Adjusted Expiration Dates
There is only one date shown on the 2023 weekly options
expiration calendar on which an adjusted expiration date occurs, and this is for the weekly option expiration which would fall on April 7th.
Due to the observance of Good Friday on April 7th,
2023 the weekly options which would normally expire on April 7th
will be changed to expire on April 6th.
No monthly options expiration dates are adjusted for 2023, as there are no exchange holidays which fall on the third Friday of any months in this year.
Breakdown of Expiration Dates by Month
In January 2023, the weekly options expiry dates are
scheduled for January 7th, 13th and 27th.
In February and March, the expiration dates for weekly options will fall on the 3rd, 10th and 24th of each month.
April 2023 has three weekly options expiration dates with an adjusted date on April 6th, followed by regular expiration dates on the 14th and 28th of April.
In May, weekly options will expire on the 5th, 12th and 26th, while in June the four weekly expiration dates are the 2nd, 9th, 23rd and 30th.
July 2023 will have three weekly option expiration dates, falling on the 7th, 14th and 28th of the month.
The weekly options for August will expire on the 4th, 11th and 25th.
September will offer four expiration dates for weekly option, which fall on the same four dates as do those for December 2023. These dates are the 1st, 8th, 22nd and 29th.
October offers three expiration dates for weekly options, on the 6th, 13th and 27th, and the three expiration dates in November are the 3rd, 10th and 24th.
In total, 2023 offers 39 weekly option expiration dates,
giving traders of weekly options lots of opportunities to win with weeklys!