Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question, “How do you find weekly options contracts?” If you are interested in trading weekly contracts or if you have an interest in trading the nonstandard monthly contracts, then the easiest way to find these weekly contracts is most likely to go into your broker platform and just simply look at the date of the options expiration and what you're looking for is you’re looking for the expiration date to be not the third Friday in the month and that's a very simple way of saying basically, you’re looking for every expiration date that does not line up with a regular or traditional expiration dates for monthly contracts which is the third Friday in the month. For example, heading into December this year because we’re doing the podcast right now in December, the December contracts that would be the monthly contracts would expire on the 21st of December. That would be the third Friday in December. You would look for weekly contracts which would be any other expiration date in December except for the 21st.
Now, as one other additional caveat, what you have to understand is that the December 21st monthly contracts will basically act as the weekly contracts once you get into that week of expiration. There's no weekly contract for the same expiration date because the monthly contracts, the last week or that last week of expiration will now act as the weekly contracts. But for example, you could trade the December 7th contracts, the December 14th or the 28th. Those are pretty standard weekly contract dates. Now again, many broker platforms have some sort of way of distinguishing between the monthlies and the weeklies. Thinkorswim and the other brokers like Tastyworks also just label these as weeklies or monthly contracts, so you have a better understanding. But again, all you're looking for to find these weekly contracts is any date that is not the third Friday in the month. Hopefully this helps out. As always, if you have any questions, let me know and until next time, happy trading.