# 2026-01375: Dow Jones Options Now Settle in the Afternoon, Traders Rejoice 2026-01375, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Rules 4.13 and 5.1 To Permit Options on the Dow Jones Industrial Average To Be P.M.-Settled, is a Federal Register notice from Securities and Exchange Commission published 2026-01-26 (as of 2026-06-08). - Canonical: https://policyrisk.com/federal-register/2026-01375 - As of: 2026-06-08 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2026-01375 - Title: Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Rules 4.13 and 5.1 To Permit Options on the Dow Jones Industrial Average To Be P.M.-Settled - Type: Notice - Agencies: Securities and Exchange Commission - Citation: 91 FR 3284 - Published: 2026-01-26 - Effective: unknown - Comments close: not stated - Significant: no - Touches household money: no - Regulation identifier numbers: none - Last updated: 2026-06-08 ## In one line Dow Jones Options Now Settle in the Afternoon, Traders Rejoice ## Summary Cboe Exchange wants to let traders buy and sell Dow Jones options that settle in the afternoon instead of the morning. This change affects anyone trading these options and could make trading more flexible and aligned with market closes. The new rules could roll out soon, giving investors fresh ways to manage their money. ## Effects PRIA read - Weekly and EOM P.M.-Settled DJX Options: benefit, medium. The Exchange proposes to allow P.M.-settled Dow Jones (DJX) options with Nonstandard Expirations, including Weekly expirations (any Monday–Friday except third Fridays or EOM days) and end-of-month (EOM) expirations. The maximum number of expirations per Weekly or EOM expiration in a class would mat… - Quarterly (QIX) P.M.-Settled DJX Options: benefit, low. The Exchange proposes to permit P.M.-settled Quarterly Index Expirations (QIXs) for DJX options. Under Rule 4.13(c), up to eight near-term quarterly expirations may be open for trading in a class, and these QIXs will be P.M.-settled and treated like third-Friday expirations except for settlement ti… - Expiration-Friday P.M.-Settled DJX Options: benefit, low. The Exchange proposes to amend rules to permit P.M.-settled DJX options that expire on the standard third Friday-of-the-month (Expiration Friday). These Expiration-Friday P.M.-settled DJX options would be treated the same as A.M.-settled DJX options except that they use a P.M. exercise settlement v… - Last Trading Day Cutoff at 4:00 PM: mixed, low. The proposed rule amends trading hours so that on their last trading day, expiring P.M.-settled DJX options may be traded on the Exchange between 9:30 a.m. and 4:00 p.m. Eastern Time (rather than 9:30 a.m. to 4:15 p.m. for non-expiring series). The Exchange states this is to avoid trading after the… - Aggregation and Reporting for Position Limits: cost, low. P.M.-settled DJX options will be aggregated with other option contracts for purposes of determining compliance with applicable position and exercise limits and for position reporting requirements. The filing notes there are no position and exercise limits for DJX options, but FLEX positions in inde… - More Hedging Flexibility and Timing Options: benefit, medium. The Exchange states that adding Weekly, EOM, QIX, and Expiration Friday P.M.-settled DJX options will let market participants roll positions on more trading days, spread risk across more days, and better tailor hedges to specific timing needs (including special events), which may reduce the premium… ## Related documents - [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06 - [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21 - [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10 - [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04 - [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21 - [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17 ## Sources - [2026-01375 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/26/2026-01375/self-regulatory-organizations-cboe-exchange-inc-notice-of-filing-of-a-proposed-rule-change-to-amend) - [2026-01375 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-26/pdf/2026-01375.pdf) ## Related - [Previous: 2026-01374, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immedi…](https://policyrisk.com/federal-register/2026-01374) - [Next: 2026-01376, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Im…](https://policyrisk.com/federal-register/2026-01376) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2026-01375 (as of 2026-06-08).