Federal Register #SR-ISE-2026-53

Nasdaq ISE proposal for finer strike-price intervals on qualifying ETF options

This is a Securities and Exchange Commission notice about a proposed Nasdaq ISE options-rule change, not a procurement opportunity. - Government agency: Securities and Exchange Commission (SEC). - Filing entity: Nasdaq ISE, LLC. - Proposed change: Permit $0.50 strike-price intervals below $100 for options on qualifying exchange-traded funds (ETFs) with more than one month but less than nine months until expiration. - ETF eligibility: ETFs must meet Exchange liquidity criteria, including applicable assets-under-management and options-volume thresholds, a position limit of at least 250,000 contracts, and participation in the Penny Interval Program. - The filing also reorganizes related options rules and clarifies how Qualifying Securities criteria apply to the Short Term Option Series Program. - No products, services, quantities, vendors, or OEMs are being requested.

Description

Nasdaq ISE, LLC proposes to amend its options rules concerning strike price intervals for certain exchange-traded fund (ETF) options. The proposal would allow ETF Qualifying Securities to have $0.50 strike intervals for strike prices below $100 when options are more than one month and less than nine months from expiration. It also includes organizational revisions to the relevant rule section and changes clarifying the Short Term Option Series Program's Qualifying Securities criteria. The filing states that these changes are intended to provide finer strike-price choices for eligible ETFs.

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