RSS Feeds
Product LoginTuesday, January 30, 2018
Options Trader Alert #2018 - 5
Nasdaq PHLX Introduces Monday Weekly Expirations For SPY Options
Category:
Markets Impacted:Contact Information:
Resources: |
Subject to regulatory approval, Nasdaq PHLX will expand the Short Term Option Series Program to list for trading options series on the SPDR S&P 500 ETF Trust (SPY) which expire on Mondays. Listing of Monday SPY ExpirationsOn February 16, 2018, PHLX anticipates listing Monday SPY Expirations for trading with the following expiration dates:
The next listing date will be February 23, 2018, where PHLX will list Monday SPY Expirations with an expiration date of April 2, 2018. Monday SPY Expirations will be listed for trading on any Friday that is a business day. If a Friday is not a business day, the series may be opened on the first business day immediately following that Friday. As with SPY Wednesdays, PHLX may list up to five consecutive and no more than five total Monday SPY Expirations at one time. Trading HoursRegular trading hours will be 9:30 a.m. to 4:15 p.m. Eastern. ExpirationPHLX may list Monday SPY Expirations in the same week in which monthly, Friday weekly, and Wednesday weekly option series in SPY expire. PHLX will not list Monday SPY Expirations on a Monday in which Quarterly Options Series already exist. If the Monday in which the series expires is not a business day, the series shall expire on the first business day immediately following that Monday. Strike IntervalsThe minimum interval between strike prices for Monday SPY Expirations will be $0.50, the same as for current options within the Short Term Options Series Program. For a complete description of Monday SPY Expirations, please see SR-Phlx-2017-103. Additional Exchange ListingsPending SEC action, the remaining Nasdaq options exchanges (Nasdaq Options Market (NOM), Nasdaq BX Options, Nasdaq ISE, Nasdaq GEMX, and Nasdaq MRX) will list SPY Monday Expirations. |
|---|
Please follow Nasdaq on 
Facebook 
RSS and
Twitter.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.
