Cheese
08/19/2023 at 16:55:29 PDT
Hi
I was wondering why AMC Options are not listed for
November 2023
February 2024
April 2024 – December 2024
February 2025 – May 2025
Cheese
08/19/2023 at 17:16:13 PDT
I mean the Answer is clear as day.
………..
Rules of Options
Option Cycle Assignments
Options are assigned to one of three cycles at their listing. Originally cycles were divided by four months. In 1984 regulatory authorities decided that a listed option should have the two front months available for its investors. This changed the listing of options to include the first two front months followed by the next two months in the cycle.
There are three option cycles that a listed option can be assigned to on the public markets:
JAJO – January, April, July, and October
FMAN – February, May, August, and November
MJSD – March, June, September, and December
Note that the options on the January cycle have contracts available in the first month of each quarter (January, April, July, and October). Options assigned to the February cycle use the middle month of each quarter (February, May, August, and November). Options in the March cycle have options available during the last month of each quarter (March, June, September, and December).
Special Considerations
It should be noted that nowadays the cycle is less important for heavily traded stocks and index-tracking exchange-traded funds because of the publication of weekly options. Since weekly options are available to be traded, an investor that wants to extend their expiration date can roll a quarterly option to any given week of the year.
It is also important for investors to understand what happens to a cycle when a month passes. Each cycle will always have the two front months available. After a month passes the last two remaining months continue to follow the originally assigned cycle. For example, in February the cycle one option availability would be February, March, April, July. In June, the cycle one option availability would be June, July, October, January.