The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again at optionalpha.com and welcome back to the daily call. Today, we are going to be answering the question, “What are quarterly options and why should you care?” First of all, quarterly options are basically the same as every single option contract, except if they are present in an underlying security, typically, some of the bigger indexes and major market ETFs, what they are, are basically options that expire on the physical quarters of most years. That would be the March, June, September and then, December physical quarters. And so, all they are is just another avenue, another expiration date to pin if traders or investors or hedge funds, institutions want to have exposure up to a certain date. Maybe you have exposure for the first half of the year, so they might do quarterly option at June 30th or June 29th, whatever the last trading day is for June. And so, that's where the quarterlies come in. For you as a trader, for us as retail traders, should we care about this? Sur