# 2026-22453: Nasdaq Tweaks ETF Option Strike Steps in Another Market Rule Filing

2026-22453, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Proposed Rule Change To Amend the Strike Price Intervals for Options on Certain Exchange-Traded Fund Shares That Meet the Qualifying Securities Criteria, is a Federal Register notice from Securities and Exchange Commission published 2026-11-04; PRIA reads it as touching household money (as of 2026-11-06).

- Canonical: https://policyrisk.com/federal-register/2026-22453
- As of: 2026-11-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22453
- Title: Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Proposed Rule Change To Amend the Strike Price Intervals for Options on Certain Exchange-Traded Fund Shares That Meet the Qualifying Securities Criteria
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 69596
- Published: 2026-11-04
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-06

## In one line

Nasdaq Tweaks ETF Option Strike Steps in Another Market Rule Filing

## Summary

Nasdaq ISE is updating the price steps for options on certain ETFs that qualify under their rules. This change affects traders who buy or sell these ETF options, making strike prices more flexible for contracts expiring between one and nine months. The update aims to improve trading and is set to take effect soon after approval, with no direct cost impact on investors.

## Effects PRIA read

- $0.50 strike steps for certain ETF options: benefit, medium. If an ETF is an ETF "Qualifying Security," the Exchange may list option strike prices at $0.50 intervals when the strike price is less than $100 for options that are more than one month and less than nine months from expiration. This change adds finer strike granularity (down from the current $1 mi…
- Eligibility limits: only ETF 'Qualifying Securities' qualify: benefit, medium. The $0.50 strike interval applies only to ETFs that meet the "Qualifying Securities" criteria for a calendar quarter. Those criteria include AUM thresholds (greater than $25 billion under one pathway or greater than $50 billion under another), specified monthly options volume thresholds, participat…
- Clarified short-term expirations: Table 1 vs Table 2: benefit, low. The rule text clarifies that symbols listed in Table 1 may trade the Table 1 short-term daily expirations regardless of whether they meet the Qualifying Securities criteria, while expirations in Table 2 are available only for a quarter when the security satisfies the Qualifying Securities tests. Fo…

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## Sources
- [2026-22453 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/04/2026-22453/self-regulatory-organizations-nasdaq-ise-llc-notice-of-filing-of-proposed-rule-change-to-amend-the)
- [2026-22453 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-04/pdf/2026-22453.pdf)

## Related
- [Previous: 2026-22452, Self-Regulatory Organizations: Long-Term Stock Exchange, Inc.; Notice of Filing…](https://policyrisk.com/federal-register/2026-22452)
- [Next: 2026-22454, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-22454)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22453 (as of 2026-11-06).