Federal Register #SR-CBOE-2026-044

SEC Review of Cboe Proposal to Expand A.M.-Settled S&P 500 Index Option Expirations

This notice details a proposed rule change submitted by Cboe Exchange, Inc. to the Securities and Exchange Commission (SEC) regarding the listing of A.M.-settled S&P 500 Index options with expanded expiration days. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Cboe Exchange, Inc. (proposing entity) - Products/Services Requested: - A.M.-settled options on the S&P 500 Index (SPX) - No part numbers or purchase quantities specified (regulatory change, not a physical procurement) - Unique or Notable Requirements: - Expanded expiration days: options may expire on any Monday, Tuesday, Wednesday, Thursday, or Friday (except the third Friday of the month or days coinciding with end-of-month expirations), and on the last trading day of the month - System capacity assurances and investor protection safeguards required - Increased flexibility for investors to manage risk and tailor investment strategies - Place of Performance/Delivery: - Securities and Exchange Commission (federal office overseeing the rule change)

Description

Cboe Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its rules to allow the listing of A.M.-settled options on the S&P 500 Index. These options would expire on any Monday, Tuesday, Wednesday, Thursday, or Friday except the third Friday of the month or days coinciding with end-of-month expirations, as well as on the last trading day of the month. The proposal aims to provide investors with more flexibility in managing risk and tailoring investment strategies. The Exchange believes it has the necessary system capacity and safeguards to support this expansion without adverse market impact.

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