Weeklys
Definition · Level 1 · Options basics
Keep reading with Tradecraft
Without an account, you can read three definitions every 30 days. Tradecraft explains all 738 terms and strategies, with the lessons that teach them, flashcards that come back before you forget, quizzes and a payoff lab.
Short-dated options expiring in the weeks between standard monthly dates, most often on Fridays; as of 2025, SPX, SPY and QQQ listed an expiry every weekday.
Example
Selling next Friday’s 60 calls = selling the weeklies.
Rules and market figures change: check the current ones before relying on this (written as of 2025-12).
Where Tradecraft teaches it
Level 1 · Options basics, in the lesson “Expiration cycles & expiration day”: Monthlies, weeklies, 0DTE, LEAPS — and what happens on the last day.
Related terms
- 0DTE“Zero days to expiration”: options on their final trading day — little time value left, and near the money gamma and time decay are at their most…
- ExpirationThe date the contract ceases to exist; any unused right disappears, and on that day only intrinsic value is left.
- Last trading dayFinal session in which an expiring contract can be bought or sold: for stock options the expiration day itself (usually a Friday, to the 4:00 pm ET…
- LEAPSLong-term Equity AnticiPation Securities: listed options expiring more than a year out (up to about three years, usually in January), often used as…
- MonthliesStandard option expirations on the third Friday of each month (the Thursday before if that Friday is an exchange holiday).
- Pin riskA writer’s uncertainty when the stock closes at or very near a short strike on expiration: you won’t know until after the close, often the next…