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Questions tagged [expiration]

The tag has no usage guidance.

2
votes
2answers
68 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 ...
8
votes
1answer
275 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 ...
1
vote
1answer
46 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?
2
votes
1answer
152 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 ...
7
votes
4answers
841 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 ...
2
votes
2answers
1k 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 ...
1
vote
1answer
3k 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 ...
4
votes
3answers
1k 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 ...
9
votes
6answers
8k 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....
5
votes
4answers
38k 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 ...
10
votes
2answers
12k 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]
7
votes
1answer
39k 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?