The NYSE American LLC has proposed a rule change to amend Rules 970NY and 970.1NY, aiming to eliminate the use of "dark series" on the Exchange. A "dark series" refers to inactive options series that are not actively traded and therefore not reported to the Options Price Reporting Authority (OPRA). This change is expected to increase transparency and improve price discovery by ensuring all trading activity is visible to market participants. The Exchange believes this will not overburden its systems or those of OPRA because capacity planning already includes the potential for all series to become active.
Simple Explanation
The NYSE American wants to stop using secret options that nobody trades, making sure everything is visible for everyone to see, like keeping all toys out in the open instead of hidden. They think this will help everyone play fairly, and they have enough room for all the toys.