Introduction to Options Expiration Dates

General Rules

Daily Expiries	The daily options will have an initial lifetime of three days at the time of introduction and will expire every day at 08:00 UTC. A daily expiry will not be added if it already exists as a weekly/monthly/quarterly expiry.
Weekly Expiries	The weekly options will expire every Friday at 08:00 UTC. A weekly expiry will not be added if it already exists as a monthly/quarterly expiry.
Monthly Expiries	The monthly options will expire the last Friday of the month at 08:00 UTC. A new monthly expiry will be launched on the 3rd to last Friday of each month at 08:30 UTC. A monthly expiry will not be added if it already exists as a monthly/quarterly expiry.
Quarterly Expires	3, 6, and 9 months quarterlies of the March, June, September and December cycle. The quarterly options will expire on the last Friday of each calendar quarter at 08:00 UTC. A new quarterly expiry will be added on the 3rd to last Friday of each calendar quarter at 08:00 UTC.

Options Expiries

Options	BTC-USD & ETH-USD
Expiries Available	1, 2, 3 dailies 1, 2, 3 weeklies 1, 2, 3 monthlies 1, 2, 3 quaterlies of the March, June, September and December cycle.
Expiration Time	Daily options expire every day at 08:00 UTC. Weekly options expire on each Friday of each week at 08:00 UTC. Monthly options expire on the last Friday of each calendar month at 08:00 UTC. Quarterly options expire on the last Friday of each calendar quarter at 08:00 UTC.
Introduction Time	The launch time of new options is 08:30 UTC. Only the 3rd-daily, 3rd weekly, 3rd monthly, 3rd quarterly options will be generated. When there is no overlap of expiration dates, a. 3rd-daily options will be generated on a daily basis b. 3rd-weekly will be generated every Friday c. 3rd-monthly will be generated every third to last Friday of the month d. 3rd-quarterly will be generated every third to last Friday of the quarter When there are overlapping expiration dates, The existing options will be options with different expiration dates at the same time. For example, 3rd-daily options will not be generated every Tuesday as the weekly options are also 3rd-daily options on Wednesday.