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Questions tagged [expiration]

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Visa Reward card "use or lose" fee -- where is that forbidden?

Just got a non-reloadable $5 Visa RewardCard. While it is imprinted "funds do not expire" on the front, the back says: "Except where prohibited by law, a Monthly Fee of $2.50 per month ...
keshlam's user avatar
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3 votes
0 answers
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What is the worst that can happen if one does not file for bankruptcy but cannot pay their debt either (in Canada)?

In a situation when one does not file for bankruptcy, yet does not pay their debts, collectors start calling and mailing, then the creditors may file a lawsuit. But if one doesn't have any property or ...
sequence's user avatar
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2 votes
1 answer
669 views

Found expired check issued by title company to settle balance from 6 years ago

I purchased a home 6 years ago and the title company sent me a large packet of documents related to closing with a small check buried deep inside it. I did not notice the check until now. It's only $...
486DX2-66's user avatar
0 votes
1 answer
112 views

Can both call and put option of the same strike price and same asset expire to zero on expiry date?

Suppose we are trading the call and put options for an underlying asset such as crude oil at a strike price of 1000. Will there be any scenario in which both the call option of strike price 1000 and ...
Rishi Sharma's user avatar
1 vote
1 answer
81 views

American Options Trading- Brokerage Entered Do Not Exercise Instead of Selling My Contracts Before Expiration

I made a stupid mistake trading options. It happened about a month ago, so I don't recall my thought process at the time. Anyway, I purchased multiple PUT contracts: NKLA SEPTEMBER 18 2020 $35 On ...
DroppinTables's user avatar
1 vote
1 answer
173 views

Can any European-style options be exercised before expiration?

I found a page that says the following about European-style options (in the context of weekly and end-of-month options for S&P 500 futures): European-style options can be exercised only on the ...
7529's user avatar
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0 votes
2 answers
2k views

What time do gold futures weekly options expire?

What time on Friday do gold futures weekly options expire? For example, I am interested in knowing what time the /GCV20:XCEC 1/100 AUG 20 (Wk2) /OG2Q20:XCEC 1925 CALL option expires this Friday. I ...
7529's user avatar
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2 votes
1 answer
58 views

Usual procedure when options/futures/forwards expire?

What is the most common procedure when options/futures/forwards are held until expiry? Will the underlying asset be delivered in a physical way or will the value of the derivative be exchanged as a ...
elemenope's user avatar
5 votes
1 answer
2k views

Are there major credit cards without expiration dates?

One of the most annoying things to me about credit cards is the expiration date. Whenever my card expires, I have to call or go online with half a dozen merchants to "update" the expiration date to ...
Robert Columbia's user avatar
2 votes
1 answer
788 views

When does stock options start expiring on Monday and Wednesday?

I recall that traditional options expire on the 3rd Friday of the month and that weekly options expire every Friday. I was looking at Yahoo Finance and I saw some options that expire on Oct 28, ...
Raj's user avatar
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3 votes
1 answer
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I sold call options that expired ITM. Why were they not exercised?

I sold two covered call positions that expired Aug 9. Both expired ITM. The 1st one's strike price was $3.00. At expiration, the stock was $3.13 so 13 cents ITM (6 contracts). The 2nd one's strike ...
SlavkaStack's user avatar
3 votes
2 answers
465 views

Why are option contracts dated for Friday expiration instead of Saturday expiration?

Don't they technically expire on Saturday even though the options market closes on Fridays? I feel like the way it stands, this can screw with people with after-hours trading on the underlying. Or ...
riddle_me_this's user avatar
8 votes
1 answer
1k views

Do card chips expire before the cards do?

A while ago, I got a credit card with a magnetic stripe and a chip that looks like this: A couple months ago, I noticed that every time I tried to use the card, I would get something like "CHIP ...
WBT's user avatar
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1 vote
1 answer
94 views

Swaps applied in futures contract?

Are swaps needed in order to hold positions in currency futures overnight the same way they are needed in forex spot trading?
X Files's user avatar
2 votes
1 answer
273 views

How long can a company wait before withdrawing the money of a purchase?

In November, 2015 I purchased something from an online shop located in the UK. Total price was 143£ (including shipping to Denmark) and I paid with my Visa credit card. The item was shipped to me ...
Daniel's user avatar
  • 125
7 votes
4 answers
2k views

What happens to all of the options when they expire?

Most option traders don't want to actually buy or sell the underlying stock. They just use options as a trading vehicle perhaps making money on the time decay, on changes to volatility, etc. My ...
Jeremy Foster's user avatar
3 votes
4 answers
6k views

How to sell a worthless option

I have a call option that will expire as worthless in January but I'd like to sell it now and realize the loss this year to lower this year's capital gains taxes. I would be happy to dump it at $0.00 ...
Jonathan's user avatar
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1 vote
1 answer
7k views

Why out of money options show no bid price but a valid ask price

Looking at the option chain for SPY I see that a lot of the out of the money calls are showing Bid as N/A. What is the reason? Nobody wants to buy out of the money calls because expiration is ...
Victor123's user avatar
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7 votes
3 answers
26k views

Why would someone want to buy an option on the day of expiry

If I buy an Out of Money option and the option becomes In the money on the Friday of expiry, can I still expect to sell the option and close my position at a profit? Or is my only hope is to exercise ...
Victor123's user avatar
  • 16k
10 votes
8 answers
20k views

Why would someone buy a way out-of-the-money call option that's expiring soon?

I swing trade equity options every once in a while for fun. This morning I witnessed something I do not understand at all. In the attached photo, why would someone purchase 6 contracts for .05 at $76....
AM_Hawk's user avatar
  • 223
5 votes
4 answers
51k views

Credit Card Expiration: Am I supposed to request a new one or does the bank send one automatically?

I've had one credit card expire recently and another set to expire soon. For the one that did expire, I didn't get another card until I wrote to them online and they mailed me a replacement. The next ...
Aaron's user avatar
  • 185
10 votes
2 answers
14k views

Do personal checks expire? [US]

Do personal checks expire in the US? Also, if I stamp the following on it: VOID if not claimed within 60 days. Will that be honored by most banks? Related Do personal cheques expire? [Canada]
C. Ross's user avatar
  • 7,856
7 votes
1 answer
43k views

Do personal cheques expire? [Canada]

In Canada, cheques issued by the Government of Canada do not expire. do personal cheques ever expire? If so, what is the limit before they need to be re-issued?
Zephyr's user avatar
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