Final answer:
Weekly options are listed on Thursdays and expire the following Friday, eight days later, not on the following Saturday. They are designed this way for traders to effectively manage short-term positions.
Step-by-step explanation:
False, Weekly options are generally listed on a Thursday and they do expire, but expiration occurs on the Friday that happens eight calendar days later, not on the following Saturday. The reason for this structure is to provide traders with the ability to manage short-term positions more effectively, particularly in response to events or announcements that occur over a week. Though unrelated to the subject, the note about homes for sale appearing randomly is interesting, but is put aside as it does not pertain to the explanation of weekly options and their expiration.
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