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I rewrote this statement because it seemed like the description was overly specific. I think it's more general to allude to the margin tied up by the option trade, rather than assume that a specific asset is being used to collateralized the contract. Ronnotel 12:38, 4 October 2007 (UTC)
Q: What happens to options expiration if it falls on a holiday, like in 2008?
A: When an options expiration date falls on a holiday, all trading dates are moved forward. For example, in 2008, options expiration date falls on Good Friday. In this situation, options will still expire on Saturday following Good Friday -- however the last trading day for Equity options will be the Thursday preceding the Good Friday trading holiday. The last trading date for many Broad-Based Index products will be Wednesday -- with A.M. settlement values determined based on an index component's opening price on Thursday. —Preceding unsigned comment added by 64.105.0.217 ( talk) 19:00, 15 August 2009 (UTC)