Options Trading, Uncovered Options, Naked Options, expiration, strike, price, trading system. qqq, spy options, system, simple

Strike Price, Expiration Date

Strike Price

The price at which an option can be exercised, is the Strike Price. The right to buy the underlying asset at the strike price is a call. The right to sell the underlying asset at the strike price is a put.

Expiration Date

The date at which an option expires, is the Expiration Date. The option cannot be exercised after this date, and thus has no value.

Expiration dates applicable to options of listed securities is referred to as the Expiration Cycle. There are three major cycles for options (not LEAPs).

Expiration dates in January, April, July, and October refer to the January Cycle.

Expiration dates in February, May, August, and November, refer to the February Cycle.

Expiration dates in March, June, September, and December, refer to the March Cycle.

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DISCLAIMER: THIS INFORMATION IS INTENDED FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE ANY FINANCIAL ADVICE. RISK IS INVOLVED IN ALL STYLES OF MONEY MANAGEMENT. Uncovered options trading involves greater risk than stock trading. You absolutely must make your own decisions before acting on any information obtained from this Website.

The return results represented on the web site are based on the premium received for the selling options short and do not reflect margin. It is recommended to contact your broker about margin requirements on uncovered options trading before using any information on this web site. Use our "Trade Calculator" to recalculate our past performance in relation to the margin requirements, brokerage commissions and other trading related expenses. Past performance is not indicative of future results.