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



To: Sowbug who wrote (28156)12/17/1997 7:23:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 61433
 
<<Does options trading close before the equity market closes? >>

I believe options trading closes 15 minutes after the market closes.