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May 12, 2021

55. Expiration Dates Versus Expiration Times Clarifications

9 minutes

Expiration dates define the last time option traders can take action whereas expiration times specify when an option-contract becomes null and void. Understanding the differences can impact how we manage our trades. This podcast also explains the mechanism of the Options Clearing Corporation (OCC) and details how and when an out-of-the-money strikes may be exercised after contract expiration.

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