Options Expire on the ________ of the Expiration Month

question 23

Multiple Choice

Options expire on the ________ of the expiration month.

• A)last trading day
• B)3rd Friday
• C)last Friday
• D)Saturday following the 3rd Friday
• E)Saturday following the last Friday

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Definitions:

Minutes

A unit of time equal to sixty seconds or one-sixtieth of an hour.

Sales of Ice Cream

The total revenue or quantity sold of ice cream over a specified period of time.

Sales of Soda

The commercial activities related to the buying and selling of carbonated soft drinks.

Correlation

The measure of the relationship between two variables or sets of data.