For options traders, timing isn’t just important—it’s everything. Success often hinges on knowing when key market events occur, from expiration dates to holidays and volatility spikes. Being aware of these dates allows you to plan entries, exits, and risk management strategies with precision. This comprehensive 2025 calendar for options traders covers all critical dates, including monthly and weekly expirations, triple witching days, U.S. market holidays, and regulatory timelines.
Whether you're a seasoned trader or building your strategy from the ground up, this guide ensures you stay ahead of market rhythms in 2025. Let’s dive into the essential dates every options trader should mark on their calendar.
Monthly Options Expiration Dates in 2025
Monthly options contracts typically expire on the third Friday of each month. These are pivotal dates that often bring increased volume and volatility as positions are settled or rolled over.
Here are the monthly options expiration dates for 2025:
- January 17, 2025
- February 21, 2025
- March 21, 2025
- April 17, 2025 (adjusted due to Good Friday holiday on April 18)
- May 16, 2025
- June 20, 2025
- July 18, 2025
- August 15, 2025
- September 19, 2025
- October 17, 2025
- November 21, 2025
- December 19, 2025
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These dates are crucial for traders using monthly strategies like covered calls, cash-secured puts, or iron condors. Always verify settlement times with your broker, as final trading hours may end earlier than regular market close.
Weekly Options Expiration Schedule for 2025
In addition to monthly expirations, many traders use weekly options, which offer more flexibility and faster turnaround. Weekly options generally expire every Friday, though some underlyings may have mid-week expiries.
Below is a simplified breakdown of weekly expirations throughout 2025. Note that no weekly index options are listed during weeks when the monthly expiration occurs, to avoid overlap.
- Week 1: Jan 5 (expiry), Jan 8 (settlement)
- Week 2: Jan 12, Jan 15
- Week 3: Jan 19, Jan 22
- Week 4: Jan 26, Jan 29
- Week 5: Feb 2, Feb 5
- Week 6: Feb 9, Feb 14
- Week 7: Feb 16, Feb 19
- Week 8: Feb 23, Feb 26
- Week 9: Mar 1, Mar 4
- Week 10: Mar 8, Mar 11
- Week 11: Mar 15, Mar 18
- Week 12: Mar 22, Mar 25
- Week 13: Mar 28, Apr 2
- Week 14: Apr 5, Apr 8
- Week 15: Apr 12, Apr 15
- Week 16: Apr 19, Apr 22 (note: no weekly contracts this week due to monthly expiry on Apr 17)
- Week 17: Apr 26, Apr 29
The pattern continues through December, with weekly expiries resuming the week after each monthly expiry. Traders focusing on short-term premium decay (theta) find these weekly cycles ideal for consistent income strategies.
Triple Witching Days in 2025
Triple witching occurs when stock options, stock index options, and stock index futures all expire on the same day—typically the third Friday of March, June, September, and December.
The triple witching days in 2025 are:
- March 21
- June 20
- September 19
- December 19
On these days, markets often experience elevated volatility and surging volume, especially in the final hour of trading. Programmed trading and large institutional rolls contribute to price swings that can create both opportunities and risks.
Traders should be cautious around these dates—especially if holding short options positions—but also alert to breakout patterns or gamma squeezes that can be exploited with proper risk controls.
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U.S. Market Holidays and Closures in 2025
Knowing when markets are closed is essential for planning trades and managing liquidity. Here are the U.S. stock exchange holidays in 2025:
- New Year’s Day: January 1 (closed)
- Martin Luther King Jr. Day: January 21 (closed)
- President’s Day: February 18 (closed)
- Good Friday: April 18 (closed)
- Memorial Day: May 27 (closed)
- Juneteenth (Observed): June 19 (closed)
- Independence Day (Observed): July 4 (closed)
- Labor Day: September 2 (closed)
- Thanksgiving Day: November 28 (closed)
- Christmas Day: December 25 (closed)
Markets will resume regular trading the following business day unless otherwise noted. Be mindful that low-volume days preceding or following holidays can also exhibit unusual price action.
Regulation T and SEC Settlement Timelines
Understanding settlement rules helps avoid margin calls or good faith violations.
- Regulation T (Reg T): Requires investors to settle stock purchases within two business days (T+2). For options traders using equities as underlying or hedges, this impacts cash flow planning.
- SEC Extension Date: For short sales or specific regulatory scenarios, brokers may require securities to be delivered within 13 business days of sale.
Staying compliant with these rules is vital—especially during expiration weeks when assignment risks increase.
CFFEX Trading During Chinese National Holidays
For traders monitoring international derivatives markets:
- New Year’s Day: Closed January 1; resumes January 2
- Spring Festival: Closed January 30 to February 4 (dates approximate; official schedule subject to confirmation)
While U.S.-based traders may not directly trade CFFEX contracts, movements in Chinese markets can influence global sentiment and correlated assets like commodities and tech stocks.
Frequently Asked Questions (FAQs)
Q: Why does April's monthly expiration fall on the 17th instead of the third Friday?
A: The third Friday in April is April 18—Good Friday—when U.S. markets are closed. Therefore, options expire on Thursday, April 17.
Q: Are there any weeks without weekly options?
A: Yes. There are no weekly index options listed during the same week as monthly expirations to prevent overlapping contract settlements.
Q: What happens during triple witching?
A: On triple witching days, stock options, index options, and index futures all expire simultaneously. This convergence often leads to higher-than-average volume and volatility as institutions adjust positions.
Q: How do market holidays affect options expiration?
A: If an expiration date falls on a holiday, it’s moved to the previous business day. For example, if the third Friday were a holiday, expiration would occur on Thursday.
Q: Can I still trade options on days when the market reopens after a holiday?
A: Yes. Normal trading resumes after closures. However, early sessions may show gap moves based on overnight global news or economic data releases.
Q: Should I close positions before triple witching?
A: It depends on your strategy. Short premium sellers face assignment risk and increased volatility. Many traders prefer to close or roll positions before these events unless they’re prepared to manage the risk.
Final Thoughts
Mastering options trading means mastering time. The key dates in this calendar—monthly expirations, weekly cycles, triple witching events, and market holidays—are non-negotiable markers every trader must track.
Use this guide as your strategic foundation for navigating the rhythm of the market in 2025. With precise timing and disciplined execution, you can turn calendar awareness into a competitive edge.
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