expiration

n. termination, end; exhalation

Expiration (2003) is an independent feature film directed by Gavin Heffernan. It was the winner of the Grand Jury Prize and Best Film at the Canadian Filmmakers' Festival.
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n. expiration, expiry

(n.)
The last emission of breath; death.
  

(n.)
The act or process of breathing out, or forcing air from the lungs through the nose or mouth; as, respiration consists of inspiration and expiration; -- opposed to inspiration.
  

(n.)
The act of expiring
  

(n.)
That which is expired; matter breathed forth; that which is produced by breathing out, as a sound.
  

(n.)
Emission of volatile matter; exhalation.
  

(n.)
A coming to a close; cessation; extinction; termination; end.
  

The time when the option contract ceases to exist (expires).