Search Results for keywords:"options trading"

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Search Results: keywords:"options trading"

  • Type:Notice
    Citation:90 FR 16201
    Reading Time:about 39 minutes

    In a notice published by the Securities and Exchange Commission, the MIAX PEARL, LLC proposed a change to its rules to allow the listing and trading of options on the iShares Ethereum Trust. This change is intended to give investors a more cost-effective way to invest in Ether, a type of cryptocurrency, without directly owning it. The rule change aligns with similar approvals from other exchanges and aims to enhance the tools available to investors for managing their investment portfolios. The proposal has been filed to encourage comments from the public and does not impose significant burdens on competition or investor protection.

    Simple Explanation

    The rules are being changed so people can trade special contracts called "options" on something that's kind of like a pretend share of the pretend money called Ethereum. This helps them invest in Ethereum without actually having to own any.

  • Type:Notice
    Citation:90 FR 16236
    Reading Time:about 58 minutes

    The Securities and Exchange Commission gave notice of the Cboe Exchange's proposed rule change, allowing for listing and trading options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF. The proposal seeks to amend existing rules to facilitate these options trades, adding a position limit of 25,000 contracts per Ethereum Fund option. The Cboe Exchange argues that trading options on these funds will provide investors a cost-effective and transparent way to gain exposure to Ethereum without directly handling the cryptocurrency. The SEC is inviting public comments on this notice and has waived the typical 30-day waiting period, allowing the rule to take immediate effect.

    Simple Explanation

    Imagine the Cboe Exchange wants to play with Ethereum options like they play with toys and games. They asked permission to list and trade these special Ethereum options, and the people who check the rules said, "Yes, but be careful how you play!" They put a limit on the number of options you can play with at one time, like saying you can only have 25,000 Legos to build a castle.

  • Type:Notice
    Citation:90 FR 14297
    Reading Time:about 12 minutes

    The Cboe Exchange, Inc. has proposed a rule change to eliminate position and exercise limits for options on the S&P 500 Equal Weight Index and the S&P 500 Scored & Screened Index. This change aims to align these options with other broad-based index options like those for the S&P 500, which already have no such limits. By removing these restrictions, the Exchange believes it will increase trading flexibility and enhance the ability of market participants to execute their investment strategies across related indexes. The proposal also notes that similar options without these limits have ample market liquidity, reducing concerns about market manipulation.

    Simple Explanation

    The Cboe Exchange wants to change a rule so people can trade certain kinds of stocks in bigger numbers without limits, like other similar trades. They think this will help people trade more easily, but some people are worried it could make it easier for big players to play unfairly, and the Exchange hasn’t clearly explained how they'll prevent cheating.