Find Option Months. Under the new rules the first two months are always the two near months but for the two further out months the rules use the original. View a list of contract codes to help you understand which letters represent which months.
Notice how the most recently added expiration month will have either two months or eight months until its expiration. Search our directory for a broker that fits your needs. Syntax cal month year m month y year h 3 1 a num b num d yyyy mm j n ncal month year m month y year h 3 1 a num b num d yyyy mm j c e o p w m s b options.
For example at may expiration the june options will become the new front month options while the expiration month july is added to replace the expired may options.
Overall for an investor to understand which cycle an option is trading in it is necessary to look at the third. Since the investor wants to purchase as many cheap calls as possible they opt. Weeklys are introduced on thursdays and expire eight days later on friday. Under the new rules the first two months are always the two near months but for the two further out months the rules use the original.