NYSE Adds Monday Options Expirations for Traders
Published Date: 4/2/2026
Notice
Summary
NYSE American is updating its Short Term Options Series Program to allow options that expire on Mondays and Wednesdays—up to two of each—for certain stocks and ETFs. This change means traders get more flexible and frequent choices to buy or sell options, starting right away with no extra fees. If you trade options, this new schedule could help you make smarter moves faster!
Analyzed Economic Effects
5 provisions identified: 3 benefits, 2 costs, 0 mixed.
Two Monday & Wednesday Option Expiries
The Exchange may list up to two Monday expirations and up to two Wednesday expirations (beyond the current week) for eligible individual stocks and ETFs under its Short Term Options Series Program. These Monday and Wednesday expirations will be P.M.-settled and expire at the close of business on the applicable Monday or Wednesday business day.
Very Narrow Qualifying Security Criteria
Only 'Qualifying Securities' meeting strict quarterly tests may list the new Monday and Wednesday expirations: (1) for individual stocks a market capitalization greater than $700,000,000,000 based on the prior quarter close, or (2) for ETFs AUM greater than $50,000,000,000 based on prior quarter NAV; plus monthly options volume over 10,000,000 sides, a position limit of at least 250,000 contracts, and participation in the Penny Interval Program. As of June 27, 2025, eight individual stocks and one ETF met all four criteria (under 0.2% of securities with options listed).
No Listings on After-Close Earnings Days
The Exchange will not list a Monday or Wednesday expiry for a Qualifying Security on a day when there is an Earnings Announcement that takes place after market close (official quarterly or yearly earnings filed with the Commission). Pre-announcements or guidance are not considered Earnings Announcements.
Rule Change Effective Immediately
The Commission waived the usual 30-day operative delay and designated the proposed rule change as operative upon filing; the Exchange filed the change on March 27, 2026, so the new Monday and Wednesday expirations are operative upon that filing date. The Commission may still suspend the change within 60 days of the filing.
Strike Intervals and Series Limits Apply
The Monday and Wednesday Qualifying Securities expirations will use the same strike price intervals as existing SPY/QQQ/IWM short-term expirations (e.g., $0.50 or greater for strikes below $100, $1 for strikes $100–$150, and $2.50 or greater above $150; $0.50 for classes trading in $1 increments). The Exchange remains limited to opening 30 series per expiration date per class (not counting series listed by other exchanges).
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Key Dates
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