Series 66: Expiration

Taken from our Series 66 Online Guide

Expiration

Expiration occurs when an option is out of the money and the buyer lets the option go to term (expiration date) without ever exercising it. He might be willing to liquidate it, but if the option is out of the money and there is little or no time left before expiration for the s

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Since you're reading about Series 66: Expiration, you might also be interested in:

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Series 66 - Capital Structure and Liquidation Priority

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