Cboe Can Extend Trading Hours for Some Single Stock Options

Extended Trading Hours Launch Date

July 13, 2026

The date when Cboe plans to start offering extended trading hours for select equity options.

Eligible Equity Options Volume

150,000 contracts

Average daily volume required for equity options to be eligible for the new trading sessions.

Required Market Capitalization

$50 billion

Minimum market capitalization for underlying equities to qualify for the extended trading hours.

§ 01 Executive Snapshot

What: Cboe to launch extended trading hours for select equity options starting July 13, 2026.
Who: Cboe Global Markets, Inc., Securities and Exchange Commission (SEC).
Why it matters: This initiative aims to enhance investor access to U.S. markets and align options trading with their underlying securities.

Cboe Options Exchange (C1) will offer pre-market trading from 7:30 a.m. ET to 9:25 a.m. ET and post-market trading from 4:00 p.m. ET to 4:15 p.m. ET.
Eligible equity options must have an average daily volume of 150,000 contracts, a market cap of $50 billion, and an average daily trading volume of 10 million shares.
Approximately 20 stocks, including Nvidia, Tesla, and Apple, are expected to be available for trading at launch.

Cboe's move to extend trading hours reflects a broader trend towards accommodating increasing global investor demand for U.S. market access.
This initiative builds on existing near 24×5 trading offerings for proprietary index options, indicating a strategic shift towards more flexible trading options.

Immediate implications include enhanced market access for international investors and better alignment of options trading with underlying securities.
Long-term, this could lead to a shift in trading dynamics, enabling investors to manage risk more effectively around market-moving events.

Potential regulatory hurdles remain, as the initiative is subject to SEC approval of a related rule filing.
Competition from other trading platforms seeking to expand trading hours could inhibit Cboe's market share gains.

Key rollout date for the extended trading hours is set for July 13, 2026.
Future developments will include a semi-annual update of eligible multi-listed equity options classes based on trading data.

§ 07

What is the new trading schedule for Cboe's equity options?

Cboe will offer pre-market trading from 7:30 a.m. ET to 9:25 a.m. ET and post-market trading from 4:00 p.m. ET to 4:15 p.m. ET.

Why is Cboe extending trading hours for single stock options?

This initiative aims to enhance investor access to U.S. markets and align options trading with their underlying securities.

When will the extended trading hours be launched?

The extended trading hours are set to launch on July 13, 2026.

Who needs to approve Cboe's initiative for extended trading hours?

The initiative is subject to approval by the Securities and Exchange Commission (SEC).