When do equity options typically expire?

Equity options typically expire on the third Friday of the expiration month. This is a standardized practice in the options market, which helps maintain consistency for traders and investors when planning their trades. Each month features a third Friday, and this uniformity allows participants to easily remember expiration dates and manage their options portfolios effectively.

Expiration on the third Friday also aligns with various strategies and risk management practices that traders employ, as it is a regular point in the month when positions can be closed out or rolled over in anticipation of market movements or adjustments to positions. Knowing the specific expiration date is crucial for traders to account for time value, manage their options positions, and make informed decisions about buying or selling options as expiration approaches.