

Week 4 options expire on the forth Friday of the month.Week 3 options expire on the third Friday of the month.Week 2 options expire on the second Friday of the month.


As an example, a July short-dated option will expire in late June, even though the underlying futures contract is December.Ĭalendar Spread Options: A calendar spread is an option spread established by simultaneously entering a long and short position on the same underlying asset but with different delivery months. With short-dated, there are fewer days of coverage. The underlying futures contract for corn is December, and the underlying futures contract for soybeans is November. Short-dated options have the same underlying futures contract (or instrument). In soybeans, traditional November calls and puts expire in late October. In corn, traditional December calls and puts expire in late November. A traditional (or long-dated) option has a longer window before the option expires. Short Dated New Crop Options: The term short-dated refers to a shorter window before the option's last trading day, otherwise known as option expiration. European options tend to sometimes trade at a discount to their comparable American option because American options allow investors more opportunities to exercise the contract. American options allow option holders to exercise the option at any time prior to, and including its maturity date, thus increasing the value of the option to the holder.Įuropean-Style Options: A European option is an option that can only be exercised at the end of its life, at its maturity. Options prices are delayed at least 15 minutes, per exchange rules, and trade times are listed in CT.Īmerican Options: An American option is an option that can be exercised anytime during its life. The Futures Options Quotes page provides a way to view the latest Options using current Intraday prices, or Daily Options using end-of-day prices.
