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What happens to options expiration if it falls on a holiday, like in 2008?

April 26, 2017expiration falls happens holiday Options

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What happens to options expiration if it falls on a holiday, like in 2008?

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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.