Cycles & Month Codes

Monthly Expiration Cycles

January Sequential Cycle (Symbol Guide Cycle #1)

Front Month Available Expiration Months*
January Jan FEB Apr Jul
February Feb MAR Apr Jul
March Mar Apr Jul OCT
April Apr MAY Jul Oct
May* May JUN Jul Oct
June Jun Jul Oct JAN
July Jul AUG Oct Jan
August Aug SEP Oct Jan
September Sep Oct Jan APR
October Oct NOV Jan Apr
November Nov DEC Jan Apr
December Dec Jan Apr JUL

*The most recently added expiration month is listed in all CAPS. For example, at April expiration, the May options will become the new "Front Month" options while the expiration month "JUNE" is added to replace the expired April options. Notice how the most recently added expiration month will have either two months or eight months until its expiration.

February Sequential Cycle (Symbol Guide Cycle #2)

Front Month Available Expiration Months*
January Jan Feb May AUG
February Feb MAR May Aug
March Mar APR May Aug
April Apr May Aug NOV
May May JUN Aug Nov
June* Jun JUL Aug Nov
July Jul Aug Nov FEB
August Aug SEP Nov Feb
September Sep OCT Nov Feb
October Oct Nov Feb MAY
November Nov DEC Feb May
December Dec JAN Feb May

*The most recently added expiration month is listed in all CAPS. For example, at May expiration, the June options will become the new "Front Month" options while the expiration month "JULY" is added to replace the expired May options. Notice how the most recently added expiration month will have either two months or eight months until its expiration.

March Sequential Cycle (Symbol Guide Cycle #3)

Front Month Available Expiration Months*
January Jan FEB Mar Jun
February Feb Mar Jun SEP
March Mar APR Jun Sep
April Apr MAY Jun Sep
May May Jun Sep DEC
June Jun JUL Sep Dec
July* Jul AUG Sep Dec
August Aug Sep Dec MAR
September Sep OCT Dec Mar
October Oct NOV Dec Mar
November Nov Dec Mar JUN
December Dec JAN Mar Jun

*The most recently added expiration month is listed in all CAPS. For example, at June expiration, the July options will become the new "Front Month" options while the expiration month "AUGUST" is added to replace the expired June options. Notice how the most recently added expiration month will have either two months or eight months until its expiration.

  VIX Snapshot

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