The Big Expiration

What is the Big Expiration?

Four times a year, the world’s most important derivatives transactions have mayor expiry dates. It’s the third Friday of the last month of the quarter.

There are Numerous futures contracts on a major expiration day. There are three types

of derivatives that expire: options on individual stocks, options on indices and futures on indices – hence the name Big Expiration. On the “small expiry date”, only the options on stocks and indices become due. There is a “small experation” every month, on the third Friday of each month.

How you benefit from the Big Expiration Strategy

In order to simply benefit from the big expiry, we open a long position in the S&P 500 or the DAX on Monday evening in the expiry week. We will sell our position again on Friday evening. We do the whole thing four times a year. In March, June, September and December.

Implementation could be achieved with a Future (e.g. SPX) or Contracts for Difference (CFD`s). 

Finance professionals, of course, know the importance of this day. The high financial resources at their disposal allow them to drive the markets in the direction they consider beneficial for a period of time. Which is the most advantageous direction depends on the objectives of the major players in the futures market.

The maximum pain theory is particularly important in this context. Institutional investors are usually long stocks in their basic portfolio. To improve the return in trendless phases, write call options and thus act as writers. These so-called covered purchase options (covered calls) expire on the third Friday of the last month in the quarter as described above. If the markets rise in the run-up to expiry, the covered calls must be hedged with long futures.

When are the next big expiration days?


Friday 17 March 2023

Friday 16 June 2023

Friday 15 September 2023

Friday 15 December 2023


Friday 15 March 2024

Friday 21 June 2024

Friday 19 September 2024

Friday 20 December 2024

How can I get the trading signals?

Season Trader subscribers receive the concrete entry & exit suggestions via Telegram on the mobile phone, tablet or workstation PC.

This is one of 8 profitable trading strategies you can get via Telegram.

How can I implement the trading signals?

The easiest way is to implement the trading signals as recommended. Signals from season traders give you a clear statistical advantage on the stock market. How you use it, of course, we leave it up to you

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