Index options trading on organized exchanges expire according to which of the following cycles?

Index options trading on organized exchanges expire according to which of the following cycles?



a. March, June, September, and December
b. each of the next four consecutive months
c. the current month, the next month, and the next two months in one of the other cycles
d. every other month for each of the next nine months
e. none of the above





Answer: C


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