SEC Greenlights S&P 500 Options That Expire on Basically Any Day But Friday
Published Date: 6/17/2026
Notice
Summary
Cboe Exchange got the green light to list new S&P 500 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 traders more flexibility and fresh ways to manage their investments throughout the week. These options start trading soon, opening up new chances to make smart moves in the market.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
New A.M.-Settled SPX Weekday Expirations
The SEC approved Cboe’s proposal to list A.M.-settled S&P 500 (SPX) options that may 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. A.M.-settled weekly expirations first listed may expire up to four weeks from the listing date, and nonconsecutive expirations may be listed so long as their dates do not go beyond the last date that would apply if listed consecutively.
Possible Lower Premiums for Protection
The Exchange stated that permitting A.M.-settled nonstandard SPX expirations could allow investors to purchase options more aligned with specific timing needs and may reduce the premium cost of buying protection. The Commission approved the proposal with that rationale in the record.
Exchange Capacity and Surveillance Representations
Cboe represented that it has systems capacity and existing surveillance and reporting safeguards to support additional A.M.-settled nonstandard SPX options and does not expect significant adverse economic impacts on the underlying markets. The Commission noted these representations and expects the Exchange to monitor trading volume and potential risks from large A.M.-settled positions.
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