Regular Equity Options That Expire Each Month Belong to Quarterly

question 10

Multiple Choice

Regular equity options that expire each month belong to quarterly "cycles." For example,IBM has a January cycle,Hewlett Packard has a February cycle,and Wal-Mart has a March cycle.At any time,options trade which expire during the next two months plus the two months after the next three-month quarter quarterly cycle.
-On February 1,Wal-Mart with a March cycle has options expiring in:

• A) February,March,April,and May
• B) February,March,May,June
• C) February,March,May,June.
• D) February,March,June,August
• E) February,March,June,September

---

Definitions:

Union President

The elected leader of a labor union, responsible for representing the interests of the union’s members and directing its activities.

Mediation

In mediation, a neutral third party called the mediator listens to and reviews the information presented by both sides and then makes an informed recommendation and provides advice to both parties about what she or he believes should be done.

Labor Contracts

Legal agreements between employers and workers (or their representatives) that outline terms of employment, wages, benefits, and conditions of work.

Negotiations

The process of discussing terms between parties with differing interests to reach a mutual agreement or compromise.