Cboe Gains SEC Nod to Expand Options Trading Hours for Top Tech Stocks
Event summary
- Cboe received SEC approval to offer extended trading hours for select multi-listed single-stock options, launching July 13, 2026.
- Pre-market trading will run from 7:30 a.m. ET to 9:25 a.m. ET, and post-market from 4:00 p.m. ET to 4:15 p.m. ET.
- Approximately 20 high-liquidity stocks, including Magnificent 7 names like Nvidia, Tesla, and Apple, will be eligible at launch.
- Eligibility requires average daily volume of 150,000 contracts, $50B+ market cap, and 10M+ daily trading volume in the underlying equity.
- Cboe plans to update the eligible options list semi-annually.
The big picture
Cboe's extended trading hours initiative reflects the broader industry shift toward near-24/5 market access, catering to global investors and aligning options trading with the underlying equities. The move comes as Cboe continues to expand its derivatives and equities offerings, with plans for 23x5 U.S. equities trading later in 2026. The approval underscores the SEC's willingness to accommodate evolving market needs while maintaining investor protections.
What we're watching
- Market Alignment
- How extended options trading hours will better align with underlying equities, particularly for high-demand tech stocks.
- International Demand
- Whether the move will further boost demand from Asia-Pacific investors, following record volumes in Cboe's existing extended trading sessions.
- Regulatory Scrutiny
- The pace at which other exchanges seek similar approvals, potentially reshaping the competitive landscape for options trading.
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