For an option contract , Expiration is the date on which the contract expires. The option holder must elect to exercise the option or allow it to expire and become worthless.

Typically, option contracts expire according to a pre-determined calendar.

In TradeMax, with Option expired function, you can view or modify your expired options with several clicks.

  1. Select the specific option record you want to edit .
  2. Right-click on the record , then select Option Adjustment > Option Expired as the following menu shows:
  3. An Option Expire dialog box will pop up  as follows:
1.Transaction Date

The expiration date of the specific option

If you want to modify the expiration date of the option, you can manually enter the date or choose from the dropdown calendar.

2.Account The account name to which the specific option belongs. Choose the specific account name from the account list. If you choose All Accounts, event will apply to all accounts.
3.Security Name The name of the specific security

The description of the specific option Expired action will be displayed automatically.You can enter any important events and brief notes here.
The default description  is expiration date of the specific security

After checking all the information you have entered, press OK button to continue the process or click the CANCEL button to cancel the process.

4. After you have pressed the OK button, the following new record is displayed:

The row outlined in red displays the Expired Option record.

  • You can cancel this action with the Undo Button in the trade tab.