Series 7 Exam Question 376: Answer and Explanation

Question: 376

The initial expiration for standard exchange-listed options is

• A. 1 month from the issue date
• B. 3 months from the issue date
• C. 6 months from the issue date
• D. 9 months from the issue date

Correct Answer: D

Explanation:

D. Standard options expire on the 3rd Friday of the expiration month 9 months after issuance.