Cboe to expand options trading hours for major stocks and ETFs — SkimNews
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- Cboe Global Markets extends options trading hours starting Monday for 24 stocks and 5 ETFs (SPY, QQQ, IWM, GLD, XLF) after first receiving SEC approval in May.
- The expanded sessions run 7:30–9:25 a.m. ET and 4:00–4:15 p.m. ET, with eligible names covering the Magnificent Seven plus Oracle, Micron, Robinhood, Nokia, Palantir, Pfizer, and Alibaba.
- Pre-market index options trading hit a record 228,097 contracts averaged daily last quarter, per Cboe data shared with CNBC, underscoring demand for off-hours access.
- To qualify, underlying securities must average 150,000 contracts of daily volume over six months, hold a $50 billion market value, and average 10 million shares of daily volume — thresholds that exclude SpaceX.
- TradeStation and Robinhood Markets will offer trading during the extended sessions; TradeStation CEO John Bartleman said the move gives traders flexibility to respond to market-moving events as they happen.
- Cboe separately received SEC approval Tuesday for binary options tied to company-specific KPIs, and plans to list additional morning expiries on Nov. 9.
Why it matters: Traders and brokers like TradeStation and Robinhood gain the ability to react to overnight news across 24 heavyweight names from the Mag Seven to Micron during newly extended pre- and post-market sessions. As Noel Smith of Convex Asset Management noted, market makers like Citadel and Susquehanna — already staffing graveyard shifts — gain a larger addressable book.
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