Expiration dates are important because they mark the end of a contract, which can impact the value and trading strategies associated with the instrument.

When a contract reaches its expiration date, it becomes invalid, and traders need to either close their positions or roll over to a new contract if available.

In some cases, expiration dates can be extended if there is an option to roll over the contract or if there is sufficient liquidity in the market for a new contract.

Expiration dates are crucial for options trading as they determine the timeframe within which the option holder can exercise their right to buy or sell the underlying asset.

The expiration date of a financial instrument can usually be found in the instrument's specifications or contract details provided by the exchange or trading platform.

Yes, different financial instruments can have varying expiration dates, depending on the type of instrument and the market on which it is traded.

No, once an instrument reaches its expiration date, it is typically no longer tradable. Traders need to close or settle their positions before the expiration date.

Trading close to expiration dates can involve increasing risks, such as reduced liquidity, higher volatility and potential price gaps because of the changing market dynamics.

Traders can stay informed about upcoming expiration dates by regularly checking trading calendars, market announcements, or using trading platforms that provide expiration date information.