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From The Business Insider, Feb. 5, 2010:

Posted on February 5th, 2010 by
Filed under: stock news

The Calendar...option traders best friend

FAQ...Always be aware of the date and the day the new month starts when trading options or futures !!!...Why?.... most stock options and index options expire on the third Friday of the month...so some months are "shorter" than others if the first day of the month is a Friday.Vix options expire on the Tuesday after the third friday of the month.Make sure you keep one eve on the date.
February 2010

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