Listing Alert
MIAX Options
September 19, 2013 | 04:26 PM
MIAX Listing Alert: Option Industry Expiration Date Move from Saturday to Friday
In connection with the Options Clearing Corporation’s (OCC) effort to transition standard option monthly
expiration processing from Saturday to Friday, MIAX has adopted the following option industry guidelines:
New Options Listings
Any option series, other than those Grandfathered, that are listed after August 31, 2013 and
expire after Jan 31, 2015, will expire on the third Friday of the expiration month.
Grandfathered Options Listings
Option series expiring on or after February 1, 2015 that the OCC has designated as
Grandfathered, will expire on the Saturday immediately following the third Friday
of the expiration month.
The SPDR S&P 500 TRUST (SPY and SPY7) is traded on MIAX and has been Grandfathered for all existing series and any series that may be added to the December 2015 expiration.
Accordingly, all series for December 2015 expiration will expire on the Saturday immediately following the third Friday of the expiration month.