Last Trading Day

The last trading day is the final day that an asset can be traded on an exchange. This is important for investors to know, as it is the last chance to buy or sell an asset before it is delisted.

The last trading day for a stock is typically the day before the ex-dividend date. This is because the stock will go ex-dividend on the ex-dividend date, meaning that the stock will no longer be eligible to receive the dividend.

The last trading day for a bond is typically the day before the maturity date. This is because the bond will mature on the maturity date, meaning that it will no longer be outstanding.

The last trading day for an option is typically the day before the expiration date. This is because the option will expire on the expiration date, meaning that it will no longer be exercisable.

It is important to note that the last trading day for an asset may not always be the same day as the settlement date. The settlement date is the day that the transaction is completed and the funds are exchanged. The last trading day may be a few days before the settlement date, as it takes time for the transaction to be processed.

Investors should always check the last trading day for an asset before they trade it, as they may not be able to sell it after the last trading day.