What time do S&P options expire?

Regular Hours: 8:30 to 3:15 p.m. Central time; except that on their expiration date, expiring End-of-Month S&P 500 Index options close trading at 3:00 p.m. Central time. All non-expiring End-of-Month S&P 500 Index options will continue to trade until 3:15 p.m. Central time.

Are XSP options cash settled?

Options may be “cash settled” or “physically delivered.” All equity (single stock) and ETF options physically deliver when exercised or assigned.

What happens if an SPX option expires in the money?

The SPX index is cash settled, and is less liquid than SPY. This index follows the European exercise rules, meaning we cannot exercise early on any option positions we hold. If an option expires ITM, no stock is delivered or called away as this index expires to cash.

What time do NDX options expire?

They will expire at 4 p.m. Eastern Time and expire based on the special fixing price of the E-mini Nasdaq-100 future for that day.

What hours do SPX options trade?

Trade SPX and VIX Options Nearly 24 hours a day.

How are XSP options settled?

The exercise settlement amount is equal to the difference between the exercise-settlement value and the exercise price of the option, multiplied by $100. No position and exercise limits are in effect. Purchases of puts or calls with 9 months or less until expiration must be paid for in full.

Do you have to exercise SPX options?

European – SPX options generally may be exercised only on the expiration date. Trading in SPX options will ordinarily cease on the business day (usually a Thursday) preceding the day on which the exercise-settlement value is calculated. Exercise will result in delivery of cash on the business day following expiration.

Do SPX options automatically exercise?

What time of day do options expire?

According to NASDAQ, options technically expire at 11:59 AM Eastern Standard time on the date of expiration, which is a Saturday, oddly enough. Public holders of options contracts, however, must indicate their desire to trade no later than 5:30 PM on the business day preceding the option expiration date.

Can you exercise SPX options?

What time on Friday do options expire?

4 p.m. EST
Options do expire at 4 p.m. EST on the third Friday of the month in the sense that they no longer trade. Here’s the catch – the stocks themselves do keep trading after hours! So what could be an in-the-money (ITM) close at 4 p.m. on Friday can be out-of-the-money (OTM) by 5 p.m., or vice versa.