CBOE Listing Three Consecutive Near-Term Expiration Months for 100 Largest Options

The CBOE announced (see Information Circular below) that starting next week, an additional expiration month in the 100 busiest options classes on the CBOE.

For years we had 3, 6 and 9 month expirations. depending on your stock it would be in the Feb. – May, March – June or Jan. – April cycle. About 15 years ago we made sure that whatever option “cycle” your stock was on, we always had the front two months to trade. Due to popular demand, we will have the next three expirations available in the top 100 most actively traded options classes. For example, Wal-Mart (WMT) is in the March – June cycle. It has the Feb., March and June expirations now. Because WMT is on the list of 100 busiest option classes, on Tuesday it will also have the April expiration added.

I’ve had more than a few requests to add another cycle. Depending on where we were in the expiration cycle, there could be a sizeable gap. for example, stocks in the Jan. cycle have Feb. options available, but the next available today is April.

Below is a copy of the information circular. Good luck trading.

Marty Kearney


Information Circular IC13-009

January 18, 2013

CBOE Listing Three Consecutive Near-Term Expiration Months for 100 Largest Options Classes. 

In response to customer demand, next Tuesday, January 22, CBOE will list three consecutive near-term expiration months for all of the 100 most actively traded equity, ETF and ETN options classes. Currently, some of these classes have three serial expirations, while others do not.

For example, on January 22, 2013, CBOE will list February, March and April expiration months in all of the affected classes, plus quarterly contracts.

CBOE plans to maintain three consecutive, near-term expiration months in these classes going forward and may expand the listing in the future. To see a list of affected classes, see www.cboe.com/aboutCBOE/legal/crclInfo.aspx.