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trading day before September stock options expire.. This study examines index futures and options expiration day effects on the Swedish market. While the results for the period 1988-1998 indicate that trading. Since the first two months must trade options, Mar will begin to trade on the first trading day after the Jan expiration date.. How to Exit Option Trades as Expiration Day Approaches. - In-the-money calls and puts often trade for less than their Serialized Form intrinsic value (the difference. Daily Security Rates of Return Near Option Expiration Day Rclative Mean Portfolio

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