Expiry date/time is the period of purchasing options after which the options are evaluated. An expiry date/time may range from 15 seconds to even a year. An expiry date/time is crucial when employing binary options strategies dependent on the duration of the option. An expiry date/time usually influences the option’s rate of return, which is different for every broker.
For “out of range” and “one-touch” options, achieving the predetermined result before the expiry date/time causes the expiration of the entire option. Some brokers offer additional platform functions, which allow for extending or shortening the expiry date/time.