Expiration refers to the date on which a contract terminates.
Several investment products have expiration dates. The most common ones are stock options. An option grants the right to buy or sell a stock or other asset as a specified price on a specified date. That right can have a market value and some are actively traded on markets like the Chicago Board Option Exchange (CBOE). When the option expires, it is void, and has no further market value.
Recent Mentions on Fool.com
- What a la Carte Cable Has to Do With the Dish Network-Turner Broadcasting Dispute
- Read This Before Buying McDonald's Stock
- 3 Things Working Against Keurig 2.0 Brewers
- American Airlines (AAL) Earnings: Your Inside Scoop on the $11 Billion Quarter
- Cable Bill Too High but Not Ready to Cut the Cord? Here's What Some People Are Doing.
- Should American Airlines Group, Inc. Return to Fuel Hedging?