# 2026-12157: SEC Greenlights S&P 500 Options That Expire on Basically Any Day But Friday

2026-12157, Self-Regulatory Organizations; Cboe Exchange, Inc.; Order Approving a Proposed Rule Change To Permit the Listing of A.M.-Settled Options on the S&P 500 Index That Expire on Any Monday, Tuesday, Wednesday, Thursday, or Friday (Other Than the Third Friday-of-the-Month or Days That Coincide With an End-of-Month Expiration) and Expire on the Last Trading Day of the Month, is a Federal Register notice from Securities and Exchange Commission published 2026-06-17; PRIA reads it as touching household money (as of 2026-06-24).

- Canonical: https://policyrisk.com/federal-register/2026-12157
- As of: 2026-06-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12157
- Title: Self-Regulatory Organizations; Cboe Exchange, Inc.; Order Approving a Proposed Rule Change To Permit the Listing of A.M.-Settled Options on the S&P 500 Index That Expire on Any Monday, Tuesday, Wednesday, Thursday, or Friday (Other Than the Third Friday-of-the-Month or Days That Coincide With an End-of-Month Expiration) and Expire on the Last Trading Day of the Month
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 36641
- Published: 2026-06-17
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-24

## In one line

SEC Greenlights S&P 500 Options That Expire on Basically Any Day But Friday

## 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.

## Effects PRIA read

- New A.M.-Settled SPX Weekday Expirations: benefit, medium. 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 t…
- Possible Lower Premiums for Protection: benefit, medium. 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: benefit, low. 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…

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## Sources
- [2026-12157 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/17/2026-12157/self-regulatory-organizations-cboe-exchange-inc-order-approving-a-proposed-rule-change-to-permit-the)
- [2026-12157 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-17/pdf/2026-12157.pdf)

## Related
- [Previous: 2026-12156, Center for Scientific Review; Amended Notice of Meeting](https://policyrisk.com/federal-register/2026-12156)
- [Next: 2026-12158, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing an…](https://policyrisk.com/federal-register/2026-12158)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12157 (as of 2026-06-24).