Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Sowbug who wrote (28156)	12/17/1997 5:21:00 PM
From: Lost in New York	of 61433

Does options trading close before the equity market closes? If it did (say, 3:30 p.m.), does the right to exercise the option also expire then? From the CBOE site: What are the trading hours for Equity LEAPS Options? As with regular equity options, the trading hours for Equity LEAPS are from 8:30a.m.to 3:10p.m. Central Time (Chicago time). cboe.com What is the expiration date? The last day (in the case of American-style) or the only day (in the case of European-style) on which an option may be exercised. For stock options, this date is the Saturday immediately following the third Friday of the expiration month; however, brokerage firms may set an earlier deadline for notification of an option buyer's intention to exercise. If Friday is a holiday, the last trading day will be the preceding Thursday. cboe.com Dave

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