2025-04156Notice

MEMX Syncs Up $1 Strike Options Rules for Smoother Trades

Published Date: 3/17/2025

Notice

Summary

MEMX is updating its rules to match other big exchanges on how $1 strike price options are listed. This change helps traders by making options trading smoother and more consistent across markets. The new rule is already in effect, so options traders and brokers should get ready for these streamlined listings right away.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Options $1-Strike Listings Harmonized

If you trade options with $1 strike prices, MEMX changed Rule 19.5 to match how other exchanges list $1 strike series. The Exchange filed the change on February 28, 2025 and it became effective immediately, so brokers and options traders should expect streamlined $1 strike listings right away.

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Key Dates

Effective Date
Published Date
2/28/2025
3/17/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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