Alibaba Group Holding Limited Sponsored ADR (BABA.US) and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) are on the list. U.S. stock options trading hours will be expanded next week.

Title context: Alibaba Group Holding Limited Sponsored ADR (BABA.US) and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) are on the list. U.S. stock options trading hours will be expanded next week. Text: As the U.S. stock market effectively moves toward "24-hour trading," options tied to stocks will also see an expansion of trading hours. According to a notice from the Chicago Board Options Exchange (Cboe), its Cboe Options Exchange (C1) will begin adding morning and post-close trading sessions for designated stock and ETF options starting next Monday. Options for popular companies such as Alibaba, Taiwan Semiconductor, Nvidia, Apple, and Tesla are all covered by the notice. For investors, the most direct change is that these stock options can participate in U.S. pre-market trading from 7:30 a.m. to 9:25 a.m. Eastern Time, and can also continue trading for 15 minutes after regular trading ends. The coverage includes the "Magnificent Seven" U.S. tech giants, as well as popular companies such as AMD, Broadcom, Intel, Micron, Oracle, Marvell Technology, SanDisk, Palantir, and Robinhood. Alibaba, Taiwan Semiconductor, Nokia, Pfizer, Bank of America, and Ford are also on the notice list. (Source: Cboe) Five major popular ETFs are also included, covering SPY, QQQ, IWM, GLD, and XLF, which respectively relate to the S&P 500 Index, Nasdaq 100 Index, Russell 2000 Index, gold, and the U.S. financial sector. The advancement of this arrangement has gone through multiple stages. On September 30, 2025, Cboe submitted the relevant rule change application to the U.S. Securities and Exchange Commission (SEC), and it was approved in May of this year. With the SEC approving a supporting rule adjustment by the Options Clearing Corporation (OCC) in September this year, the procedures for this change to take effect were finally complete. Anthony Montesano, head of derivatives market structure at Cboe, previously said in a media interview that the exchange would first prudently advance the first phase of the expansion, and after gaining experience, consider further extending trading hours. Letting options keep up with stock trading An important backdrop for extending trading hours is the long-standing mismatch between the trading windows for stocks and options. U.S. stocks have long been tradable outside regular trading hours, but single-stock options are usually still traded around 9:30 a.m. to 4:00 p.m. Eastern Time. When companies release earnings pre-market, or when important economic data is published before the open, investors can buy and sell stocks, but often have to wait until the official open to adjust options positions. Cboe said the new window helps investors manage risk around pre-market and post-market corporate announcements and macroeconomic data, making the trading hours of popular stock options more aligned with their underlying securities. Similar demand has already been reflected in the index options market. Cboe launched extended trading hours for SPX and VIX options on November 21, 2021, pushing the related products toward a trading model of nearly 24 hours a day, five days a week. This expansion for single-stock and ETF options, by contrast, is being advanced within shorter pre-market and post-market windows. According to exchange data, Cboe's average daily pre-market options volume reached 228,097 contracts last quarter, setting a record. The expansion will also be advanced in phases. According to the screening criteria published by Cboe, the relevant option classes must have had an average daily volume of 150,000 contracts over the previous six months, while the underlying securities must have a market capitalization of $50 billion and average daily stock volume of 10 million shares. The list will be updated every six months. For specific trading, the new sessions will accept only limit orders, not market orders, stop orders, or stop-limit orders. In addition to this extended trading, Cboe also plans to launch new S&P 500 Index morning-settlement weekly options starting November 9. In addition, Cboe received SEC approval on Tuesday to launch binary options products linked to listed companies' key performance indicators. This article is reprinted from "Cailian Press." GMTEight editor: Feng Qiuyi.