The expiration is the last day an option can be used. Every option has one, calls and puts alike.
Lesson 6
What expiration is
The expiration is the last day an option can be used. An option with more days left usually costs more, because the stock has more time to move. After the expiration, the option ends.
New here? Start from the beginning.
Learn how to compare two expiration dates
Price the same sample call with 3 days left and with 24 days left. Each of the four checkpoints ends with a two-answer question. Nothing places a trade.
CHECKPOINT 1 OF 4
Choose SOFI
0 / 4 checkpoints earned
When the chart loads, follow its highlighted control to earn your first checkpoint.
- Choose SOFI
- Read 3 days left, upcoming
- Read 24 days left, upcoming
- Read the value at expiration, upcoming
Loading the practice chart.
Now look around the free demo.
The demo opens the full platform with other stocks, and its numbers change each day. Signed out, nothing there moves real money. If you are signed in with a connected broker, Place trade sends a real order, so read the screens without pressing it.
$1 for 7 days • Cancel anytime • 14-day money-back guarantee