What is the meaning of Expiration date?

Expiration date is the last day (in the case of American-style) or the only day (in the case of European-style) on which an option may be exercised. For stock options, this date is the Saturday immediately following the third Friday of the expiration month; brokerage firms may set an earlier deadline for notification of an option holder's intention to exercise. If Friday is a holiday, the last trading day will be the preceding Thursday.

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APABarry Goldsmith. (2010). expiration date. Retrieved September 22, 2026, from http://smartdefine.org/expiration_date/definitions/1153475
ChicagoBarry Goldsmith. 2010. "expiration date" http://smartdefine.org/expiration_date/definitions/1153475 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, expiration date, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/expiration_date/definitions/1153475>.
MLABarry Goldsmith. "expiration date" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/expiration_date/definitions/1153475>