EDGX Market Makers Get $15 Spread Room on Long Options
Published Date: 10/6/2026
Notice
Summary
Cboe EDGX Exchange is updating its rules to let market makers quote wider price ranges for options that expire in more than 270 days—up to $15 instead of $5. This change helps market makers manage risk better on longer-term options and kicks in right away. Traders and market makers dealing with options will feel the impact, but no extra fees are involved.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Tiered bid/ask limits: $5 vs $15
If you trade options on EDGX, the Exchange amended Rule 22.6 so the maximum bid/ask differential is $5 for option series expiring in 270 days or less and $15 for series expiring in more than 270 days. The change was filed on September 24, 2026 and is effective under the Exchange Act filing procedures described in the notice.
Uniform application and industry alignment
The tiered $5 (≤270 days) and $15 (>270 days) bid/ask differential rules apply uniformly to all Market Makers on EDGX Options. The Exchange says the amendment conforms to Cboe Options Rule 5.52(c) and is consistent with quote-width frameworks on ISE and Phlx.
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Previous / Next Documents
Previous: 2026-20402, Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 5.52
Cboe C2 Exchange is updating its rules to let market makers quote wider price ranges for options that expire in more than 270 days—up to $15 instead of $5. This change affects traders dealing with longer-term options and kicks in right away, helping the market stay fair and flexible without extra costs. If you trade options, especially long-term ones, this tweak is for you!
Next: 2026-20404, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 22.6
Cboe BZX Exchange is updating its rules for Market Makers by setting a $5 max bid/ask spread for options expiring in 270 days or less, and a $15 max spread for options expiring later. This change helps keep trading fair and clear for investors and traders. The new rule is effective immediately, so Market Makers need to adjust their quotes right away.