1. Your Questions About Stock Market Holidays
Paul asks…
Is there time decay on options over the weekend and on holidays
when the stock market is closed?
Steve Winston answers:
I would have to say yes there is time decay, but how much would depend on the length of time
till expiration and how close the market price is to the strike price. The greek letter that
represents the amount a option decays per day, theoretically, is Theta. It is usually expressed in
a negative number representing the decrease in price per day. This number will usually increase
the last 30 days. Don't forget that only the extrinsic value will depreciate before expiration; the
intrinsic value will remain until expiration, exercitation, or assignment.
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2. Carol asks…
when black friday comes, and the holidays come, does the stock
market go up to sales?
im doing an economics assignment for school and I want to know two things:
which parts of the economy are not harmed when the economy goes down (which people can
make money if the economy is down)
Steve Winston answers:
Black Friday has little to do with the overall stock market performance. Instead of looking at
black friday, I would look at Retail Sales numbers. Retail Sales in the last two months of the
year have potential to move the markets (up or down)
Retail sales are sometimes a direct indication of consumer confidence.
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3. Susan asks…
Veterans Day was a stock market holiday until 1953. Why not now,
during 2 wars?
The stock market takes holidays on New Years Day, Martin Luther King Day, Presidents Day,
Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas
Day. It closes early on the day after Thanksgiving and on Christmas eve. I don't understand why
these holidays are recognized, but not Veterans Day. Obviously, since it closes on MLK day
and Pres Day, etc., the fact that the market is international is not really a concern. Also, after
looking it up, I found out that Vets Day WAS a stock market holiday from 1934-1953. And then,
from 1954 - 2006, a 2 min closure was taken on the day to recognize veterans. But, for some
reason, in 2007 and on, even this was not done. While I am all about people having jobs and
working, and have no problem with businesses etc. being open on any holiday they choose to, I
think that the stock market does a disservice to veterans by not being closed on this holiday. In
the past, the market has closed for Election Day and Columbus Day, too. I'd like to know who
the governing body is that makes this decision and why Veterans Day does not rate as high as
President's Day, MLK Day, Labor Day, Memorial Day, etc.?
Steve Winston answers:
Money= greed
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4. Linda asks…
How many times per year is the Japanese stock market closed for
a holiday?
I listen to NPR news daily and it seems to me that the Japanese stock market is closed for a
holiday 2-3 times per month. NPR never tells the name of the holiday.
Steve Winston answers:
They are closed on weekends + Japanese national holidays. They've got heaps of public
holidays in Japan.
2009
Jan. 1 New Year's Day
Jan. 12 Coming of Age Day
Feb. 11 National Foundation Day
Mar. 20 Vernal Equinox
Apr. 29 Showa Day
May 3 Constitution Memorial Day
May 4 Greenery Day
May 5 Children's Day
May 6 Holiday
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5. Jul. 20 Marine Day
Sep. 21 Respect for the Aged Day
Sep. 22 Holiday
Sep. 23 Autumnal equinox
Oct. 12 Health and Sports Day
Nov. 3 Culture Day
Nov. 23 Labor Thanksgiving Day
Dec. 23 Emperor's Birthday
Ruth asks…
stock market holiday - Christmas & new year?
i would like to know the holiday schedule for UK & US stock markets for this month.
So, from today 23 dec till 3nd jan.... when will the excahnges wont work and will have holiday.
PS: Reply only if you know correct answer, no guesswork pls!
Bump
5/9

6. Steve Winston answers:
Check out the link below for a quick answer.
John asks…
Stock market holiday - Christmas & new year?
i would like to know the holiday schedule for UK & US stock markets for this month.
So, from today 23 dec till 3nd jan.... when will the excahnges wont work and will have holiday.
PS: Reply only if you know correct answer, no guesswork pls!
Steve Winston answers:
Stock Market is closed tomorrow Friday the 24th. The stock market is open on 12/31 and on
1/3. No holiday for New Years this year.
6/9

7. Ken asks…
is tomorrow is holiday in stock market and what is your forcast for
the next week ?
and the future market what is the condition in it now
Steve Winston answers:
Tomorrow is a holiday for the US stock market, the rest of the world stock markets are open and
running. To see what will happen next week, Watch the other world markets.
Japan is just across the date line from us, so when our market closes for the day, their market is
just opening for tomorrow. Followed by Hong Kong then Singapore and the other Asian
Markets, then the middle east, Europe, and Lastly the US.
If you see oil dropping during our night, (their day) you can bet oil will drop when our market
opens. Same for the other commodities, stocks and bonds.
So far today, Our Sunday, their Monday because they are on the other side of the date line,
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8. their markets are dropping.
Donald asks…
what days is the stock market closed for the holidays?
Christmas/New Years, ect.?
Steve Winston answers:
Christmas and new years
the stock exchange will be open January 2
despite what that guy above me says
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9. Laura asks…
Is the Australian stock market closed for a holiday of some kind on
April 13?
I can't seem to find updated prices.
Curious. Our market closed for Good Friday, but most definitely will not be closed today. Never
heard of Easter Monday.
Steve Winston answers:
Its a public holiday for us over here today babe...Easter monday.
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