Options Go “Daily”: How the New Mon & Wed Options Change the Game

Great news for options traders! Starting 26 January 2026, Nasdaq will expand its Short-Term Option (STO) Series to add Monday and Wednesday expirations, alongside the standard Friday weekly expirations, for options on select individual stocks and ETFs.

Q1 2026 Eligible Securities

For the first quarter of 2026, the program will apply to the following nine securities:

• Big Tech Stocks: $NVIDIA(NVDA)$ , $Tesla Motors(TSLA)$ , $Apple(AAPL)$ , $Microsoft(MSFT)$ , $Alphabet(GOOGL)$ , $Meta Platforms, Inc.(META)$ , $Amazon.com(AMZN)$ , $Broadcom(AVGO)$

• Bitcoin ETF: $iShares Bitcoin Trust(IBIT)$

🌟 What It Means for Options Traders

This change brings flexibility, previously limited to major index options, to individual equities, giving traders finer control and more opportunities to respond to short-term market variables.

1. Precision & Control

A denser set of short-term contracts for more precise Gamma trading, event-driven hedging, and targeted Theta (time decay) strategies. For traders seeking to hedge short-term events or capitalise on intraday moves, these shorter-term options represent a potential tactical tool.

2. Expanded Timing Options

Additional expirations provide more contract dates within the week, which can correspond to overnight sessions, earnings dates, or other market events.

3. Cost-Effective Hedging

Theoretically, shorter-term options could provide a more cost-effective way to mitigate near-term risks.

The new expirations are available across all Nasdaq-owned exchanges (Phlx, BX, NOM, GEMX, MRX) and you can trade them seamlessly on the Tiger platform.

⚠️Key Rules & Safeguards

1. Earnings Date Restrictions

Nasdaq will not list short-term options on Mondays or Wednesdays if it coincides with a company’s earnings release. This could mean your preferred expiry date doesn’t exist in some weeks, so plan ahead for event trades.

2. Listing rules

Monday and Wednesday expirations are not listed on days that coincide with standard monthly/quarterly expirations or certain earnings announcements.

3. Post-Market Settlement Risks

Short-term options settle at 4:00 pm ET, but post-market moves from 4:00–5:30 pm ET can lead to unexpected in-the-money exercises or out-of-the-money assignments.

4. Amplified Short-Term Volatility

Short-term options generally have higher sensitivity to price movement and accelerated time decay relative to longer-dated options.

✨How to Trade Monday & Wednesday Options on Tiger Trade

Step 1: Go to the Stock Options Page

• From the stock quote page, tap the Options tab at the top to open the Option Chain.

Step 2: Find the New Monday/Wednesday Expiries

• Swipe the expiration date bar at the top of the Option Chain to see the weekly options.

• Select your chosen date (e.g. 2 Feb (Mon) or 4 Feb (Wed)) to view the contracts.

Step 3: Select a Contract and Place Your Trade

• Choose a Call or Put option for your selected contract.

• Determine your strike price, then tap the Trade button at the bottom to proceed to the order screen.

✨ How Are These Securities Selected?

Nasdaq evaluates securities quarterly to determine eligibility for the Short-Term Option Series (STO) program. Eligible securities must meet the following criteria:

1. Scale Requirements

   1. Individual equities: Market cap > US$ 700 billion

   2. ETFs: Asset under management (AUM) > US$ 50 billion

2. High Liquidity

   1. Monthly options volume > 10 million contracts (Assessed based on sides traded in the month preceding the quarter end)

3. Structural Requirement

   1. Minimum position limit of 250,000 contracts

   2. Active Participation in the Penny Interval Program (minimum price increment of US$0.01)

Securities meeting these criteria are considered “qualifying securities” and may receive Monday and Wednesday expirations in addition to standard weekly expirations under the STO program.

✨ Explore the New Weekly Options & Earn rewards!

Test out the new Monday/Wednesday options and earn rewards! Share your strategy, show your trade, and walk away with attractive prizes!

How to Participate

1. Share Your Trading Experiences 📝

• How would you trade the Mon/Wed Options? For short-term trades, hedging, or not at all?

• Which company from the eligible list are you most excited to trade with short-term options?

• Which expiry date (Mon/Wed) fits your strategy better?

2. Post Your Trade 📸

• Share a screenshot of your live order on the Tiger Trade app for Monday/Wednesday options.

Rewards 🎁

• Participation Prize: All valid comments receive 10 Tiger Coins.

• Live Trade Prize: Share a live Monday/Wednesday options trade to get the Options Handbook (5 copies).

• Top Commenters: Exceptional posts will get a USD 5 options voucher (5 winners).

Event Period 📅

Now → 6 Feb 2026

Don’t miss your chance to practice trading new weekly options and earn rewards! Show us your strategies and join the fun! 🚀

Not financial advice. Investment involves risk. Trading options can carry a high level of risk and may not be suitable for all investors. This advertisement has not been reviewed by the Monetary Authority of Singapore.