NYSE Stretches Options Trading Hours for Non-Stop Deal Frenzy
Published Date: 9/2/2026
Notice
Summary
NYSE American is extending trading hours for certain eligible equity options, letting traders buy and sell these options for longer each day. This change affects investors who trade multi-listed equity options and aims to offer more flexibility and opportunities without extra costs. The new extended hours will start soon after the approval, making the market more accessible and exciting!
Analyzed Economic Effects
7 provisions identified: 3 benefits, 4 costs, 0 mixed.
Options Traded Longer Each Day
The Exchange will add two new option trading sessions: an Early Trading Session from 7:30 a.m. to 9:25 a.m. Eastern and a Late Trading Session from 4:00 p.m. to 4:15 p.m. Eastern, letting traders buy and sell eligible multi-listed equity options outside the Core Trading Session (9:30 a.m.–4:00 p.m.). Trading will not begin until the Exchange and the Options Clearing Corporation have the required approvals.
Which Options Qualify (100 Limit)
Only up to 100 multiply-listed equity option classes may be designated for Extended Hours Trading. To qualify an option must meet three tests: an average daily option volume of 150,000 contracts, an underlying equity market capitalization of $50 billion, and an underlying average daily trading volume of 10 million shares; options already traded on other exchanges in extended sessions are exempt from the 100-class limit.
Market Orders Not Allowed After Hours
You will not be able to submit market orders in equity options during the Early Trading Session (7:30–9:25 a.m. ET) or the Late Trading Session (4:00–4:15 p.m. ET); market orders designated for those sessions will be rejected. The Exchange says this protects customers from wide price swings and thin liquidity during those short sessions.
Mandatory Risk Disclosures For After-Hours Orders
Brokers and ATP Holders must tell customers about material risks before accepting orders for Extended Hours Trading, including lower liquidity, high volatility, changing prices, exaggerated reactions to news, and wider spreads. The rule forbids accepting a customer order for extended sessions without these disclosures.
Semiannual Eligibility Reviews and Removals
The Exchange will recheck eligibility twice a year (using the prior six-month period ending June 30 or December 31) and may add qualifying option classes on February 1 and August 1. If an option stops qualifying it will be removed from Extended Hours Trading within up to 18 months, though the Exchange can accelerate removal with at least 7 days' notice for low activity, 30 days' notice for other reasons, or immediately if needed for investor protection.
Orders Must Name Trading Session
Every order entered must specify which session(s) it should be active in, and any order without a session designation will be rejected. Orders designated for a later session will be accepted but will not be eligible to trade until the designated session begins; orders designated for a session that already ended will be rejected.
Launch Delayed Until OCC Approval
The Exchange will delay starting Extended Hours Trading for equity options until the Options Clearing Corporation's related rule filing is approved, so the new hours will not begin immediately and depend on OCC approval of clearance procedures.
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