The Miami International Securities Exchange has proposed new rules to allow the listing and trading of options on the B500 Index, a stock market index. These options will be available with both morning (A.M.) and afternoon (P.M.) settlements. The purpose of these changes is to offer investors more flexibility in managing their portfolios and to provide additional ways to hedge market risks. The proposal includes the inclusion of nonstandard expiration dates for options, which would allow trading on a wider range of days.
Simple Explanation
The Miami International Securities Exchange wants to let people buy and trade special bets (called options) on a big list of company stocks known as the B500 Index. This way, people can choose different times during the day to see if they win or lose their bets, like having more ways to play a game.