Definition of Weekly Options
Weekly Options are just like regular monthly options except that they expire every Friday instead of every month. When options first commenced buying and selling in 1973, they had been provided in monthly expirations, with each one expiring on the Saturday after the 3rd Friday of the month. In 2005 the choices CBOE added weekly options, which started buying and selling on a Thursday and expired 8 days in a while a Friday.
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