Cboe Adds Daily Expirations to Dow Jones Industrial Average Index Options | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

Cboe Global Markets has introduced daily expiring options on the Dow Jones Industrial Average index, expanding the DJX options suite in response to growing demand for short-dated index trading strategies.

DJX options are based on one-hundredth of the DJIA level, providing a more efficiently sized contract for traders managing notional exposure. 

They are exclusively listed on Cboe’s Options and C2 Options exchanges, cash-settled, and European-style. 

As of 31 March 2026, DJX open interest represented more than $472 million in notional value.

The new Monday-to-Thursday daily contracts, trading under the symbol DJXW, complement existing Friday weekly and third-Friday monthly contracts. All DJX options trade between 9:30 am and 4:15 pm Eastern time.

The launch reflects a broader structural shift in options markets. In the first quarter of 2026, zero-days-to-expiration trading accounted for a record 50.11% of all index options activity on Cboe’s markets, driven by retail adoption and demand for daily hedging, income generation, and directional strategies without overnight risk exposure.

Meaghan Dugan, Head of US Derivatives at Cboe, said investors are “increasingly utilizing index options for shorter-dated strategies,” and that adding daily expirations to a widely recognized benchmark such as the Dow gives traders another tool for hedging and yield strategies.