Nasdaq Pushes for Options Expiring on Any Weekday, Not Just Fridays
Published Date: 5/8/2026
Notice
Summary
Nasdaq ISE wants to let traders buy and sell Nasdaq-100 options that settle in the morning and can expire on almost any weekday—except the usual third Friday or end-of-month days. This gives investors more flexibility and fresh chances to trade options throughout the week, plus on the last trading day of each month. If approved, this change could open up new ways to manage money and risk starting soon after the rule is finalized.
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Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
New A.M.-Settled NDX Weekday Expirations
Nasdaq ISE proposes to allow A.M.-settled Nasdaq-100 (NDX) options to expire on any Monday, Tuesday, Wednesday, Thursday, or Friday except the third Friday of the month or days that coincide with an end-of-month expiration. It would also permit A.M.-settled expirations on the last trading day of each month (EOM expirations).
More Hedging Tools May Lower Costs
The Exchange states that offering A.M.-settled weekly and end-of-month NDX expirations will provide additional hedging tools and allow investors to spread risk across more trading days. The proposal says that spreading risk across more days may reduce the premium cost of buying protection.
Expanded Spread Trading Opportunities
The Exchange says listing A.M.-settled NDX expirations on additional weekdays and EOMs would create greater spread opportunities because market participants can trade products that expire at different times. This would let traders take advantage of different expiration times to build strategies across related products.
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