MARKET: NYSE AMERICAN OPTIONS, NYSE ARCA OPTIONS SERVICE: MARKET DATA, TRADING
Effective January 4, 2021, – In addition to the previously announced names, NYSE Options will also add the following name to the Program:
- Teladoc Health Inc (TDOC)
The full list of all Program issues and changes can be found here.
Previous updates
NYSE OPTIONS: PENNY INTERVAL PROGRAM ANNUAL REBALANCING
09:34 pm, 30 December 2020
Summary
Effective January 4, 2021, NYSE American Options and NYSE Arca Option (“NYSE Options”, each an “Exchange”) will update the list of issues in the Penny Interval Program (the “Program”) pursuant to the Annual Review provided for in the Program, as described below. The full list of all Program issues and changes can be found here.
Additional Program Details
NYSE Options adopted the Program on July 1, 2020 and pursuant to the same, an annual rebalancing is performed wherein the Exchange adjusts the Program to reflect changes in trading activity since it was adopted. The rebalancing provides:
- Addition to the Penny Program: Based on the Annual Review, any option class not in the Penny Program that is among the 300 most actively traded multiply listed option classes overlying securities priced below $200, or an index at an index level below $200, will be added to the Penny Program on the first trading day of January.
- Removal from the Penny Program: Based on the Annual Review, any option class in the Penny Program that falls outside the 425 most actively traded multiply listed option classes will be removed from the Penny Program on the first trading day of April.
Any option class added during the year because of activity following initial listing will be added on the first trading day of the month after it qualifies and will remain in the Program for one full calendar year.
Any series in an option class participating in the Program in which the underlying security has been delisted or are identified by OCC as ineligible for opening customer transactions, will continue to quote pursuant to the terms of the Program until all such options have expired.
