NYSE American SEC rule change Short Term Options Series

Content

March 30, 2026. Pursuant to Section 19(b)(1) (1) of the Securities Exchange Act of 1934 (“Act”) (2) and Rule 19b-4 thereunder, (3) notice is hereby given that, on March 27, 2026, NYSE American LLC (“NYSE American” or the “Exchange”) filed with the Securities
and Exchange Commission (the “Commission”) the proposed rule change as described in Items I and II below, which Items have
been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed
rule change from interested persons.

I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change

The Exchange proposes to amend the Short Term Options Series Program to permit the listing of up to two Monday and Wednesday
expirations for options on certain individual stocks or Exchange-Traded Fund Shares. The proposed rule change is available
on the Exchange's website at www.nyse.com and at the principal office of the Exchange.

II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change

In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis
for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements
may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B,
and C below, of the most significant parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change

1. Purpose

The Exchange proposes to amend Commentary .10 to Rule 903, “Series of Options Open for Trading.” Specifically, the Exchange
proposes to permit the listing of up to two Monday and Wednesday expirations for options on certain individual stocks or Exchange-Traded
Fund Shares (collectively “Qualifying Securities”). This proposed rule change is based on a similar proposal submitted by
Nasdaq ISE, LLC (“ISE”) and approved by the Commission. (4)

Currently, as set forth in Rule 903(h), after an option class has been approved for listing and trading on the Exchange, the
Exchange may open for trading on any Thursday or Friday that is a business day (“Short Term Option Opening Date”) series of
options on that class that expire at the close of business on each of the next five Fridays that are business days and are
not Fridays in which standard expiration options series, Monthly Options Series, or Quarterly Options Series expire (“Friday
Short Term Option Expiration Dates”). The Exchange may have no more than a total of five Short Term Option Expiration Dates
(“Short Term Option Weekly Expirations”). Further, if the Exchange is not open for business on a Thursday or Friday, the Short
Term Option Opening Date for Short Term Option Weekly Expirations will be the first business day immediately prior to that
Thursday or Friday. Similarly, if the Exchange is not open for business on a Friday, the Short Term Option Expiration Date
for Short Term Option Weekly Expirations will be the first business day immediately prior to that Friday.

Additionally, the Exchange may open for trading series of options on the symbols provided in Table 1 of Commentary .10(f)
to Rule 903 that expire at the close of business on each of the next two Mondays, Tuesdays, Wednesdays, and Thursdays, respectively,
that are business days beyond the current week and are not business days in which standard expiration options series, Monthly
Options Series, or Quarterly Options Series expire (“Short Term Option Daily Expirations”). (5) For those symbols listed in Table 1, the Exchange may have no more than a total of two Short Term Option Daily Expirations
beyond the current week for each of Monday, Tuesday, Wednesday, and Thursday expirations, as applicable, at one time.

At this time, the Exchange proposes to expand the Short Term Option Series Program to permit certain Qualifying Securities
to list up to two Monday and Wednesday expirations in addition to the Friday weekly expiration. The Exchange proposes to define
Qualifying Securities as eligible individual stocks or Exchange-Traded Fund Shares, which are separate and apart from the
symbols listed in Table 1, that have received approval to list additional expiries on specific symbols, that meet the following
criteria on a quarterly basis:

(1) an underlying security, as measured on the last day of the prior calendar quarter, must have:

(A) a market capitalization of greater than 700 billion dollars for an individual stock based on the closing price, (6) or

(B) Assets under Management (“AUM”) greater than 50 billion dollars for an Exchange-Traded Fund Share based on net asset value
(“NAV”);

(2) monthly options volume, as measured by sides traded in the last month preceding the quarter end, of greater than 10 million
options;

(3) a position limit of at least 250,000 contracts; and

(4) participate in the Penny Interval Program.

Each calendar quarter, the Exchange will apply the above criteria to individual stocks and Exchange-Traded Fund Shares to
determine eligibility for the following quarter as a Qualifying Security. Beginning on the second trading day in the first
month of each calendar quarter, the market capitalization of individual stocks shall be calculated based on the closing price
established on the primary exchange on the last trading day of the prior calendar quarter and the AUM for Exchange-Traded
Fund Shares shall be calculated based on the NAV established on the primary exchange on the last trading day of the prior
calendar quarter. The data establishing the volume thresholds

  will be established by using data from the last month of the prior calendar quarter from The Options Clearing Corporation.
  For options listed on the first trading day of a given calendar quarter, the volume shall be calculated using the last month
  of the quarter prior to that trading calendar quarter. [(7)]() The Exchange will make the list of Qualifying Securities available by close of business on the first trading day of the quarter. [(8)]()

Eligible Qualifying Securities would be permitted to list two Short Term Option Expiration Dates beyond the current week for
each Monday and Wednesday expiration at one time. For Qualifying Securities, the Exchange would not list an expiry on a day
when there will be an Earnings Announcement that takes place after market close. For purposes of this rule proposal, earnings
announcements shall include official public quarterly or yearly earnings filed with the Commission (“Earnings Announcement”). (9) Not listing an expiry for a Qualifying Security on a day where there is an Earnings Announcement that takes place after market
close will avoid permitting an additional expiry on a day where post-close price volatility may be impacted due to the Earnings
Announcement.

Qualifying Securities that do not continue to meet the above criteria would no longer be permitted to list Monday and Wednesday
expiries beginning on the second day of the following quarter. (10)

The proposed Monday Qualifying Securities expirations will be similar to the current Monday Expirations in SPY, QQQ, and IWM
(among other symbols that may list a Monday Expiration) in Short Term Option Daily Expirations set forth in Commentary .10
to Rule 903 such that the Exchange may open for trading on any Friday or Monday that is a business day (beyond the current
week) series of options on Qualifying Securities to expire on any Monday of the month that is a business day and is not a
Monday in which standard expiration options series, Monthly Options Series, or Quarterly Options Series expire, provided that
Monday expirations that are listed on a Friday must be listed at least one business week and one business day prior to the
expiration (“Monday Qualifying Securities Expirations”). (11) In the event Qualifying Securities would expire on a Monday and that Monday is the same day that a standard expiration options
series, Monthly Options Series, or Quarterly Options Series expires, the Exchange would skip that week's listing and instead
list the following week; the two weeks of Monday Qualifying Securities Expirations would therefore not be consecutive. Today,
Monday expirations in SPY, QQQ, and IWM similarly skip the weekly listing in the event the weekly listing would expire on
the same day in the same class as a standard expiration options series, Monthly Options Series, or Quarterly Options Series.

The proposed Wednesday Qualifying Securities expirations will be similar to the current Wednesday SPY, QQQ, and IWM (among
other symbols that may list a Wednesday Expiration) in Short Term Option Daily Expirations set forth in Commentary .10 to
Rule 903, such that the Exchange may open for trading on any Tuesday or Wednesday that is a business day (beyond the current
week) series of options on Qualifying Securities to expire on any Wednesday of the month that is a business day and is not
a Wednesday in which standard expiration options series, Monthly Options Series, or Quarterly Options Series expire (“Wednesday
Qualifying Securities Expirations”). (12) In the event Qualifying Securities would expire on a Wednesday and that Wednesday is the same day that a standard expiration
options series, Monthly Options Series, or Quarterly Options Series expires, the Exchange would skip that week's listing and
instead list the following week; the two weeks of Wednesday Qualifying Securities Expirations would therefore not be consecutive.
Today, Wednesday expirations in SPY, QQQ, and IWM similarly skip the weekly listing in the event the weekly listing would
expire on the same day in the same class as a standard expiration options series, Monthly Options Series, or Quarterly Options
Series.

The interval between strike prices for the proposed Monday and Wednesday Qualifying Securities Expirations will be the same
as those currently applicable for SPY, QQQ, and IWM Monday and Wednesday Expirations (among other symbols that may list a
Monday or Wednesday Expiration) in the Short Term Option Series Program. (13) Specifically, the Monday and Wednesday Qualifying Securities Expirations will have a strike interval of (i) $0.50 or greater
for strike prices below $100, and $1 or greater for strike prices between $100 and $150 for all option classes that participate
in the Short Term Option Series Program, (ii) $0.50 for option classes that trade in one dollar increments and are in the
Short Term Option Series Program, or (iii) $2.50 or greater for strike prices above $150. (14) As is the case with other equity options series listed pursuant to the Short Term Option Series Program, the Monday and Wednesday
Qualifying Securities Expirations series will be P.M.-settled.

Pursuant to Commentary .10(f) to Rule 903, with respect to the Short Term Option Series Program, if a Monday is not a business
day, the series shall expire on the first business day immediately following that Monday. Additionally, with respect to the
Short Term Options Series Program, a Wednesday expiration series shall expire on the first business day immediately prior
to that Wednesday, e.g., Tuesday of that week if the Wednesday is not a business day.

Currently, for each option class eligible for participation in the Short Term Option Series Program, the Exchange is limited
to opening thirty (30) series for each expiration date for the specific class. (15) The thirty (30) series restriction does not include series that are open by other securities exchanges under their respective
weekly rules; the Exchange may list these additional series that are listed by other options exchanges. (16) With the proposed changes, this thirty (30) series restriction would apply to Monday and Wednesday Qualifying Securities Expirations
as well. In addition, the Exchange will be able to list series that are listed by other exchanges, assuming they file similar
rules with the Commission to list Monday and Wednesday Qualifying Securities Expirations.

With this proposal, Monday and Wednesday Qualifying Securities Expirations would be treated similar to

  existing SPY, QQQ, and IWM Monday and Wednesday Expirations. With respect to standard expiration option series, Monday and
  Wednesday Qualifying Securities Expirations will be permitted to expire in the same week in which standard expiration option
  series on the same class expire. [(17)]() Not listing Monday and Wednesday Qualifying Securities Expirations for one week every month because there was a standard options
  series on that same class on the Friday of that week would create investor confusion.

Further, as with SPY, QQQ, and IWM Monday and Wednesday Expirations, the Exchange would not permit Monday and Wednesday Qualifying
Securities Expirations to expire on a business day in which standard expiration option series, Monthly Options Series, or
Quarterly Options Series expire. (18) Therefore, all Monday and Wednesday Qualifying Securities Expirations would expire at the close of business on each of the
next two Mondays and Wednesdays, respectively, that are business days and are not business days in which standard expiration
option series, Monthly Options Series, or Quarterly Options Series expire. The Exchange believes that it is reasonable to
not permit two expirations on the same day in which a standard expiration option series, Monthly Options Series, a Quarterly
Options Series would expire because those options would be duplicative of each other.

The Exchange does not believe that any market disruptions will be encountered with the introduction of Monday and Wednesday
Qualifying Securities Expirations. The Exchange currently trades P.M.-settled Short Term Option Series that expire Monday,
Tuesday, Wednesday and Thursday on several symbols (19) and has not experienced any market disruptions nor issues with capacity. Today, the Exchange has surveillance programs in
place to support and properly monitor trading in Short Term Option Series that expire Monday, Tuesday, Wednesday and Thursday
on several symbols. (20) The Exchange believes that it has the necessary capacity and surveillance programs in place to support and properly monitor
trading in the proposed Monday and Wednesday Qualifying Securities Expirations.

2. Statutory Basis

The Exchange believes that its proposal is consistent with Section 6(b) of the Securities Exchange Act of 1934 (the “Act”), (21) in general, and furthers the objectives of Section 6(b)(5) of the Act, (22) in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable
principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system,
and, in general, to protect investors and the public interest.

Similar to Monday expirations in SPY, QQQ, and IWM, the proposal to permit Monday and Wednesday Qualifying Security Expirations,
subject to the proposed limitation of two expirations beyond the current week, would protect investors and the public interest
by providing the investing public and other market participants more choice and flexibility to closely tailor their investment
and hedging decisions in these options and allow for a reduced premium cost of buying portfolio protection, thus allowing
them to better manage their risk exposure.

The Exchange believes that the proposed criteria for Qualifying Securities requires individual stocks and Exchange-Traded
Fund Shares to be highly liquid. A market capitalization measured on the last day of the prior calendar quarter based on the
closing price of the underlying, of greater than 700 billion dollars for an individual stock, or AUM of 50 billion dollars
for an Exchange-Trade Fund Share, in conjunction with the monthly options volume requirement of greater than 10 million options
as measured by sides traded in the last month preceding the quarter end, is very restrictive. This requirement represents
substantially less than 1% of individual stocks (only eight (8) individual stocks met this criteria as of January 1, 2025)
and substantially less than 1% of Exchange-Traded Fund Shares (only seven (7) Exchange Traded Fund Shares met this criteria
as of January 1, 2025, pursuant to Rule 903, Commentary .10(f), to trade additional expiries) traded. Therefore, an individual
stock or Exchange-Traded Fund Share that meets aforementioned market capitalization and volume requirements are highly liquid
and could be viewed as stable securities.

The Exchange notes that with respect to position limits, Commentary .07 to Rule 904 provides, that to be eligible for the
250,000 contract limit, the underlying security had to have “had trading volume of at least 100,000,000 shares during the
most recent six-month trading period; or” the underlying security had to have “had trading volume of at least 75,000,000 shares
during the most recent six-month trading period and has at least 300,000,000 shares currently outstanding.” The 250,000 contract
position limit is the highest position limit by Exchange rules. Options that qualify for the 250,000 position (and exercise)
limit are highly liquid securities that have met the stringent requirements noted in Commentary .07 to Rule 904 to qualify
for the highest position limit.

Finally, a Qualifying Security must participate in the Penny Interval Program. In order to qualify for the Penny Interval
Program, an options class must be among the 300 most actively traded multiply listed option classes overlying securities priced
below $200. (23) The most actively traded options classes are included in the Penny Interval Program based on certain objective criteria (trading
volume thresholds and initial price tests).

As of June 27, 2025, the number of individual stocks meeting all four criteria for a Qualifying Security is eight (8) and
the number of Exchange-Traded Fund Shares meeting all four criteria for a Qualifying Security that do not already have Monday
and Wednesday expirations is one (1). Both totals represent less than 0.2% of all securities with options listed. The Exchange
believes that since individual stocks are the dominant constituents of the broad-based indexes (e.g., S&P 500 Index and Nasdaq- 100 Index), the improvement in price transparency brought about by Monday and Wednesday trading
will offer Market Makers and investors better volatility pricing which will inform trading on the related products to these
indexes. The Exchange believes that the proposed criteria for Qualifying Securities is consistent with the protection of investors
and the general public because the criteria targets the most liquid individual stocks and Exchange-Traded Fund Shares.

The Exchange would not list an expiry on a Qualifying Security on a day where there will be an Earnings Announcement that
takes place after market close to avoid post-close price volatility that may arise from the Earnings Announcement and which

  may impact exercise and/or assignment decisions.

Qualifying Securities that do not continue to meet the above criteria would no longer be permitted to list Monday and Wednesday
expiries in the following quarter, although the Qualifying Security would potentially have two weeks of strikes already listed
which will persist. These remaining listings could continue to be traded until they expire.

With this proposal, overall, the Exchange would add a small number of Monday and Wednesday Qualifying Security Expirations
by limiting the addition of two Monday expirations and two Wednesday expirations beyond the current week. The addition of
Monday and Wednesday Qualifying Security Expirations would remove impediments to and perfect the mechanism of a free and open
market by encouraging Market Makers to continue to deploy capital more efficiently and improve displayed market quality. (24) The Exchange believes that the proposal will allow Exchange members to expand hedging tools and tailor their investment and
hedging needs more effectively in Qualifying Securities as these funds are most likely to be utilized by market participants
to hedge the underlying asset classes.

Similar to SPY, QQQ, and IWM Monday and Wednesday Expirations, the introduction of Monday and Wednesday Qualifying Security
Expirations is consistent with the Act as it will, among other things, expand hedging tools available to market participants
and allow for a reduced premium cost of buying portfolio protection. The Exchange believes that Monday and Wednesday Qualifying
Security Expirations will allow market participants to purchase options on Qualifying Securities based on their timing as
needed and allow them to tailor their investment and hedging needs more effectively, thus allowing them to better manage their
risk exposure. Today, the Exchange lists other Monday and Wednesday expirations. (25)

In particular, the Exchange believes the Short Term Option Series Program has been successful to date and that Monday and
Wednesday Qualifying Security Expirations should simply expand the ability of investors to hedge risk against market movements
stemming from economic releases or market events that occur throughout the month in the same way that the Short Term Option
Series Program has expanded the landscape of hedging.

There are no material differences in the treatment of SPY, QQQ and IWM Monday and Wednesday Expirations compared to the proposed
Monday and Wednesday Qualifying Security Expirations. Given the similarities between SPY, QQQ and IWM Monday and Wednesday
Expirations and the proposed Monday and Wednesday Qualifying Security Expirations, the Exchange believes that applying the
provisions in Commentary .10(f) to Rule 903 that currently apply to SPY, QQQ and IWM Monday and Wednesday Expirations is justified.

The Exchange believes Monday and Wednesday Qualifying Security Expirations will allow market participants to purchase options
on Qualifying Securities based on their timing as needed and allow them to tailor their investment and hedging needs more
effectively. Further, the proposal to permit Monday and Wednesday Qualifying Security Expirations for options on Qualifying
Securities listed pursuant to the Short Term Option Series Program, subject to the proposed limitation of two nearest expirations,
would protect investors and the public interest by providing the investing public and other market participants more flexibility
to closely tailor their investment and hedging decisions in the options on Qualifying Securities, thus allowing them to better
manage their risk exposure.

In particular, the Exchange believes the Short Term Option Series Program has been successful to date and that Monday and
Wednesday Qualifying Security Expirations should simply expand the ability of investors to hedge risk against market movements
stemming from economic releases or market events that occur throughout the month in the same way that the Short Term Option
Series Program has expanded the landscape of hedging. Similarly, the Exchange believes Monday and Wednesday Qualifying Security
Expirations should create greater trading and hedging opportunities and provide customers the flexibility to tailor their
investment objectives more effectively.

Finally, the Exchange represents that it has an adequate surveillance program in place to detect manipulative trading in the
proposed option expirations, in the same way that it monitors trading in the current Short Term Option Series for Monday SPY,
QQQ and IWM expirations. The Exchange also represents that it has the necessary system capacity to support the new expirations.
Finally, the Exchange does not believe that any market disruptions will be encountered with the introduction of these option
expirations. As discussed above, the Exchange believes that its proposal is a modest expansion of weekly expiration dates
for Monday and Wednesday Qualifying Security Expirations given that it will be limited to two Monday expirations and two Wednesday
expirations beyond the current week.

B. Self-Regulatory Organization's Statement on Burden on Competition

The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act. In this regard and as indicated above, the Exchange notes that the
rule change is being proposed as a competitive response to a filing submitted by ISE that was recently approved by the Commission. (26)

The Exchange believes that this limited expansion for Monday and Wednesday expirations for options on Qualifying Securities
will not impose an undue burden on competition, rather, it will meet customer demand. The Exchange would uniformly apply the
Qualifying Security criteria to options in individual stocks and Exchange-Traded Fund Shares. The Exchange believes that Exchange
members will continue to be able to expand hedging tools and tailor their investment and hedging needs more effectively in
the Qualifying Securities.

Similar to SPY, QQQ and IWM Monday and Wednesday Expirations, the introduction of Monday and Wednesday Qualifying Security
Expirations does not impose an undue burden on competition. The Exchange believes that it will, among other things, expand
the hedging tools available to market participants and allow for a reduced premium cost of buying portfolio protection. The
Exchange believes that Monday and Wednesday Qualifying Security Expirations will allow market participants to purchase options
on Qualifying Securities based on their timing as needed and allow them to tailor their investment and hedging needs more
effectively.

Further, not adding an expiry for a Qualifying Security on a day where there will be an Earnings Announcement that takes place
after market close does not impose an undue burden on competition as the Exchange would uniformly apply this practice to the
listing of all Qualifying Securities.

The Exchange does not believe the proposal will impose any burden on

  intermarket competition, as nothing prevents other options exchanges from proposing similar rules to list and trade Monday
  and Wednesday Qualifying Security Expirations. Further, the Exchange does not believe the proposal will impose any burden
  on intra-market competition, as all market participants will be treated in the same manner under this proposal.

C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or

Others

No written comments were solicited or received with respect to the proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action

The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act (27) and Rule 19b-4(f)(6) thereunder. (28) Because the foregoing proposed rule change does not: (i) significantly affect the protection of investors or the public interest;
(ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed,
or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the
Act (29) and subparagraph (f)(6) of Rule 19b-4 thereunder. (30)

A proposed rule change filed under Rule 19b-4(f)(6) (31) normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b-4(f)(6)(iii), (32) the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest.
The Exchange has requested that the Commission waive the 30-day operative delay so that the proposal may become operative
immediately upon filing.

According to the Exchange, the proposed rule change is a competitive response to a substantively identical filing submitted
by ISE that was recently approved by the Commission. (33) The Commission believes that the proposed rule change presents no novel issues and that waiver of the 30-day operative delay
is consistent with the protection of investors and the public interest. Accordingly, the Commission hereby waives the operative
delay and designates the proposed rule change as operative upon filing. (34)

At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such
rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection
of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission
will institute proceedings under Section 19(b)(2)(B) (35) of the Act to determine whether the proposed rule change should be approved or disapproved.

IV. Solicitation of Comments

Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the
proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods:

Electronic Comments

• Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or

• Send an email to rule-comments@sec.gov. Please include file number SR-NYSEAMER-2026-26 on the subject line.

Paper Comments

• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to file number SR-NYSEAMER-2026-26. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (https://www.sec.gov/rules/sro.shtml). Copies of the filing will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR-NYSEAMER-2026-26 and should be submitted on or before April 23, 2026.

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. (36)

Sherry R. Haywood, Assistant Secretary. [FR Doc. 2026-06361 Filed 4-1-26; 8:45 am] BILLING CODE 8011-01-P

Footnotes

(1) 15 U.S.C. 78s(b)(1).

(2) 15 U.S.C. 78a.

(3) 17 CFR 240.19b-4.

(4) See Securities Exchange Act Release No. 104624 (January 16, 2026), 91 FR 2806 (January 22, 2026) (SR-ISE-2025-15) (Order Approving
a Proposed Rule Change, as Modified by Amendment No. 1, to Amend the Short Term Option Series Program to List Qualifying Securities).

(5) As set forth in Table 1 of Commentary .10(f) to Rule 903, the Exchange currently permits expirations in SPY, IWM, QQQ on
Mondays, Tuesdays, Wednesdays and Thursdays. Also, the Exchange permits expirations in GLD, SLV and TLT on Mondays and Wednesdays.
Finally, the Exchange permits expirations in USO and UNG on Wednesdays.

(6) The closing price and the opening price shall be that of the primary exchange where the security is listed.

(7) OCC data becomes available for the end of a quarter on the first trading day of a new quarter. For example, if the Exchange
were to list Qualifying Securities in Q3 of 2025, the Exchange would look at the volume, measured in sides, for the last month
of Q2 2025 or June 2025.

(8) The Exchange will make this information available on its website. This information will be freely accessible to the public.

(9) For purposes of this proposal, pre-announcements or “guidance” shall not be considered an Earnings Announcement.

(10) The Exchange has noted the additional expiries in a proposed Table 2 in Commentary .10(f) to Rule 903 along with the criteria
for a Qualifying Security.

(11) They may also trade on Fridays, as is the case for all options series in the Short Term Option Series Program.

(12) Id.

(13) See Commentary .10(d) to Rule 903. The Exchange notes that equity options which have an expiration of more than twenty-one days
from the listing date would also be subject to the intervals as noted within Commentary .10(d) to Rule 903. See also Commentary .10(e) to Rule 903.

(14) Id.

(15) See Commentary .10(b) and (c) to Rule 903.

(16) See Commentary .10(a) to Rule 903.

(17) See Commentary .10(a) to Rule 903.

(18) See Commentary .10(a) to Rule 903.

(19) See supra, note 5.

(20) Id.

(21) 15 U.S.C. 78f(b).

(22) 15 U.S.C. 78f(b)(5).

(23) See Rule 960.1NY(b). Each December OCC ranks all multiply listed option classes based on National Cleared Volume for the six full
calendar months from June 1 through November 30 for determination of the most actively traded option classes.

(24) Today, Market Makers are required to quote a specified time in their assigned options series. See Rule 925.1NYP. Market Maker Quotations.

(25) See Commentary .10(f) to Rule 903.

(26) See supra, note 4.

(27) 15 U.S.C. 78s(b)(3)(A)(iii).

(28) 17 CFR 240.19b-4(f)(6).

(29) 15 U.S.C. 78s(b)(3)(A)(iii).

(30) 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule
change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated
by the Commission. The Exchange has satisfied this requirement.

(31) 17 CFR 240.19b-4(f)(6).

(32) 17 CFR 240.19b-4(f)(6)(iii).

(33) See supra note 4.

(34) For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C. 78c(f).

(35) 15 U.S.C. 78s(b)(2)(B).

(36) 17 CFR 200.30-3(a)(12), (59).

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