Date guide
Quarterly expiry: the major expiration dates
In March, June, September and December, several options and futures series reach their end date together. Open positions are settled or exercised according to each contract’s own rules.
| Month | 2026 · Eurex calendar | 2027 · DAX contracts |
|---|---|---|
| March | 20 March 2026 | 19 March 2027 |
| June | 19 June 2026 | 18 June 2027 |
| September | 18 September 2026 | 17 September 2027 |
| December | 18 December 2026 | 17 December 2027 |
The major expiry generally falls on the third Friday of these months. The date is a prompt to check your own contract’s term and settlement, not a signal about market direction.
The official product pages for ODAX and FDAX show the actual 2027 contract dates. The Eurex trading calendar documents the selected 2026 expiries. The general 2027–2036 calendar is labelled indicative; other product groups require their own check.
Every Eurex and US expiration date for 2026/2027, with holiday shifts, a countdown and a calendar feed, is on our witching days & expiration dates page.
The “quarterly” filter in the US calendar below refers to selected quarter-end expiries; it is a different date from third-Friday major expiry. Learn about exercise and assignment.
Where the big money expires
Three symbols with the highest open interest before the next expiration
Upcoming Expirations
Calendar View
October 2026
Understanding Expiration Types
Optional — if you want to go deeper
Understanding Expiration Types
Optional — if you want to go deeper
Monthly
3rd Friday of each month - The most important expiration for standard options on stocks and ETFs.
Weekly
Every Friday for SPY, QQQ, IWM - Shorter duration with higher gamma exposure.
VIX
~30 days before SPX expiry (usually Wed) - Special expiration structure for volatility options.
Quarterly
Selected quarter-end expiries in the US calendar. These are distinct from the major third-Friday expiry.
Quadruple Witching
Major expiry dates in March, June, September and December. Several option and futures series reach their end dates; each contract has its own settlement rules.
Glossary
- Expiry
- The end date and settlement point defined by a contract.
- Rolling
- Closing an expiring position and opening another with a later date.
- Cash settlement
- A money payment instead of delivery of the underlying.
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