Nasdaq (NDAQ) won regulatory approval to add Monday and Wednesday options expirations in certain stocks, according to a media report on Friday.
The exchange operator was approved by the U.S. Securities and Exchange Commission to list the contracts for Mag-7 shares Alphabet (GOOG) (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT) Nvidia (NVDA) and Tesla (TSLA), in addition to Broadcom (AVGO) and the State Street Financial Select Sector SPDR ETF (XLF), Bloomberg reported, citing a letter from the SEC.
A Nasdaq spokesperson told Bloomberg that the expiries will be for the next month ahead, with Jan. 26 being the first. Currently, single stock options mature on Fridays, though this SEC approval brings U.S. markets closer to daily single-stock options trading. Only the SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ) and iShares Russell 2000 ETF (IWM) all have daily expiries.
“This decision supports greater flexibility and precision for market participants, enabling more efficient hedging and trading strategies,” said David Barrett, head of product for US Options at Nasdaq, as quoted by Bloomberg. “It’s a step forward for the industry as it continues to modernize and respond to evolving investor needs.”
Neither Nasdaq (NDAQ) nor the SEC immediately responded to Seeking Alpha’s request for comment.