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Finra Series-7 Exam - Topic 3 Question 26 Discussion

The expiration date of a listed option is:
C) the Saturday following the third Friday of the expiration month
A) the last day of the expiration month
B) the third Saturday of the expiration month
D) the third Friday of the expiration month

Finra Series-7 Exam - Topic 3 Question 26 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 26
Topic #: 3
[All Series-7 Questions]

The expiration date of a listed option is:

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Suggested Answer: C

the Saturday following the third Friday of the expiration month. It is NOT the third Saturday. The final day to trade options is the third Friday of the expiration month. The options expire the next da y.


by Clay at May 07, 2022, 11:41 PM

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Maurine
10 months ago
Yeah, I agree with Dona on this one!
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Ivette
10 months ago
Really? I always thought it was the third Saturday.
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Margurite
11 months ago
Nope, it's the third Friday for sure!
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Galen
11 months ago
I thought it was the last day of the month?
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Dona
11 months ago
It's definitely the third Friday of the expiration month.
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Argelia
11 months ago
I’m pretty confident it’s the third Friday of the month. I recall that being a key point in my studies.
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Caprice
11 months ago
I feel like it’s the third Saturday, but I might be mixing it up with something else.
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Aleisha
11 months ago
I remember practicing a question about expiration dates, and I think it was the last day of the month, but that doesn't sound right now.
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Stacey
11 months ago
I think the expiration date is the third Friday of the expiration month, but I'm not completely sure.
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Sueann
11 months ago
Hmm, I'm a little unsure about this one. The question is asking about an Okta P1 level support ticket, but I'm not totally familiar with Okta's support levels. I'll need to think through the details of the scenario and the options more carefully.
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Edgar
11 months ago
I'm a bit confused about how scheduled tasks affect the current instances. Would it just stay at 8 or try to add more?
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Marcos
11 months ago
This is a tricky one. There are a lot of moving parts to consider with vAG/vLB configurations. I'm going to read through the options slowly and try to visualize how each change could impact the HA status. Gotta be careful not to overthink it.
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