Cboe Adds Daily Expirations to Dow Jones Industrial Average Options
Event summary
- Cboe launched daily expiring options for Dow Jones Industrial Average (DJX) index options on May 18, 2026.
- DJX options are based on 1/100th the size of the DJIA, with open interest representing over $472 million in notional value as of March 31, 2026.
- The new options are exclusively listed and traded on Cboe Options (C1) and Cboe C2 Options (C2) exchanges.
- Cboe has secured broad industry support, including from major U.S. and international retail brokers.
- 0DTE trading represented a record 50.11% of all index options trading on Cboe's markets in Q1 2026.
The big picture
Cboe's expansion of DJX options with daily expirations reflects the broader trend of increasing demand for short-dated trading strategies, particularly among retail investors. This move aligns with the growing popularity of 0DTE trading, which accounted for a record 50.11% of all index options trading on Cboe's markets in Q1 2026. The addition of daily expirations to a widely followed index like the Dow Jones Industrial Average provides traders with more precise tools for hedging and implementing yield strategies.
What we're watching
- Retail Adoption
- How the addition of daily expirations will affect retail trader engagement with DJX options.
- Market Dynamics
- Whether the growing demand for short-dated options will continue to drive trading volumes on Cboe's platforms.
- Competitive Positioning
- The pace at which Cboe can maintain its leadership in index options amid increasing competition.
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