Starting date of trading on April 29, 2024, all Cboe-affiliated US options exchanges will introduce real-time validation enhancements to the Options Strike Request tool on the Cboe Client Web Portal, providing instant validation of requested strikes against the draft options listing and listing procedures ( PPA) rules.
Currently, the tool only validates if new alerts that are active for the next business day meet the Cboe Listing and OLPP rules. Members use this tool to submit alert requests for review by the Cboe Operations Support Center (OSC), which evaluates submissions and responds with valid/invalid request details.
From the Effective Date, Members will be promptly notified by the Options Strike Request tool as to whether the alerts requested meet the listing rules. If a request is invalid, members will receive an immediate notification that includes all invalid fields and/or rule violations.
Members will be able to submit up to five different expirations totaling 100 strikes per request per submission. To submit a request, customers must complete the following fields:
- Symbol
- Strike Range
- Strike interval
- Expiration Date (New Expiration can also be selected).
This feature is currently available for testing in the Options certification environment on the Cboe Customer Web Portal.