Trading Alert
MIAX Pearl
April 22, 2021 | 12:47 PM
MIAX Exchange Group - Options Markets - Listing of Monday and Wednesday Weekly Expirations for QQQ
The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange anticipate listing Weekly Short Term Option Series on the Invesco QQQ Trust (QQQ) which will expire on Mondays and Wednesdays.
On April 23, 2021, the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange anticipate listing weekly Monday STO QQQ Expirations for trading with the following expiration dates:
- Monday, May 3, 2021
- Monday, May 10, 2021
- Monday, May 17, 2021
- Monday, May 24, 2021
- Tuesday, June 1, 2021
- Wednesday, May 5, 2021
- Wednesday, May 12, 2021
- Wednesday, May 19, 2021
- Wednesday, May 26, 2021
- Wednesday, June 2, 2021
Key aspects include:
- The MIAX Exchange Group will not list Monday or Wednesday QQQ Expirations on a Monday or Wednesday in which Quarterly Options Series already exist
- If the Monday in which the series expires is not a business day, the series shall expire on the first business day immediately following that Monday and up to five consecutive and no more than five total Monday QQQ Expirations can be listed at one time
- If the Wednesday in which the series expires is not a business day, the series shall expire on the first business day immediately prior to that Wednesday and up to five consecutive and no more than five total Wednesday QQQ Expirations can be listed at one time
- Monday and Wednesday QQQ Expirations may be listed in the same week in which monthly and Friday weekly option series in QQQ expire
- The minimum interval between strike prices for the Monday and Wednesday Weekly QQQ option series will be $0.50, the same as for current options within the Short Term Options Series Program