The last day on which the holder of an option contract can exercise the Right to buy or sell an option contract's underlying asset to take a profit on the position. Option contracts that are not exercised expire worthless. See Double Witching Week; maximum Pain; Options Calendar; Quadruple Witching Week; triple witching week.
Browse by Subjects
Put on a call
long-term equity anticipation security (LEAP)
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):