Cboe launches daily expirations for Dow Jones index options

Cboe Global Markets (Cboe: CBOE) announced the launch of daily expiring options for its Dow Jones Industrial Average index (DJX) options, effective May 18, 2026.

The DJX options are exclusively listed on Cboe Options exchanges and are based on 1/100th of the Dow Jones Industrial Average level. As of March 31, 2026, DJX index options had an open interest representing more than $472 million in notional value.

The company began listing P.M.-settled DJX options expiring Monday to Thursday under the symbol DJXW on May 18. These are in addition to existing Friday P.M.-settled weekly contracts and third Friday A.M.-settled monthly contracts. The options are available for trading from 9:30 a.m. ET to 4:15 p.m. ET, Monday through Friday.

"We have seen that investors are increasingly utilizing index options for their shorter-dated strategies," said Meaghan Dugan, Head of U.S. Derivatives at Cboe. "By adding daily expirations, traders have another tool to help hedge or implement yield strategies with DJX options to complement or augment their existing strategies."

Cboe offers daily expirations for several of its index options, including S&P 500 Index options, mini-SPX options, Russell 2000 Index options, and others. In the first quarter of 2026, zero-days-to-expiration trading represented 50.11% of all index options trading on Cboe's options markets.

The DJX options feature cash settlement and European-style exercise, meaning options expire on their expiration date with no risk of early assignment.

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