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Product LoginTuesday, July 29, 2025
Options Regulatory Alert #2025 - 29
Nasdaq Announces Approval for FLEX Trading in IBIT and Position and Exercise Limit Updates in IBIT
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Nasdaq Phlx (Phlx) and Nasdaq ISE (ISE) received approval to permit FLEX options trading for options on iShares Bitcoin Trust ETF (“IBIT”). On July 30, 2025, IBIT options will be permitted to trade as FLEX Options on Phlx's trading floor and on ISE electronically. Further, ISE will permit IBIT options to trade as cash-settled in addition to physically settled FLEX equity options. Further, Nasdaq ISE received approval to amend the position and exercise limits for options on IBIT to eliminate the current 25,000 contract position and exercise limit. As a result, ISE will apply the position limits as determined by ISE Options 9, Section 13(d) to options on IBIT. Pursuant to Options 9, Section 13(d), IBIT options qualify for a 250,000 position and exercise limit. Finally, positions in FLEX IBIT options will be aggregated with positions in non-FLEX IBIT options for purposes of calculating position and exercise limits. |
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