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A One-Minute Guide to Expiration

 

You are totally befuddled by expiration. You don't know anything about it and it bothers you.

I don't blame you one bit. Expiration is hard. I am not even in this primer going to talk about what expiration is, physically. I am instead going to use a baseball analogy and get you to understand what the heck is going on. It is a vast oversimplification, but it might help.

OK, there is a man, the runner, on first. The batter hits a ground ball to the shortstop. The shortstop can throw to first and force out the batter. He can toss to second and the second baseman can step on the bag and force out the runner. Or the second baseman can run over and tag the guy going from first to second. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.83
Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
1.03
10 Yr
3.48%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
+3.05%
Data delayed 20 minutes

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