DaysToExpiration (Function)

$image\trumpet2.gif$ Disclaimer

The DaysToExpiration function returns the number of days left until a specified option expiration date. The calculation is based on the third Friday of every month, which means it's not designed for most commodities, and commodities options.

Syntax

DaysToExpiration(ExpMonth,ExpYear)

Returns (Integer)

A numeric value for the current bar, containing the number of days until the stock option expires from the current date. This function will return a negative number from the expiration date if the expiration date has already occurred.

Parameters

Name	Type	Description
ExpMonth	Numeric	Sets the target month, entered as a number; 1 = January, 2 = February, and so on.
ExpYear	Numeric	Sets the target year, entered in the format YYY; 99 = 1999, 100 = 2000, 101 = 2001, 102 = 2002, and so on.

Examples

Assigns to Value1 the number of days until the stock option expires in December from today:

Value1 = DaysToExpiration (12,102);