Nasdaq MRX seeks SEC approval for binary Outcome Related Options on Nasdaq-100 indexes

Nasdaq MRX has applied to the United States Securities and Exchange Commission to list cash-settled, yes-or-no Outcome Related Options tied to the Nasdaq-100 and Nasdaq-100 Micro indexes, with contracts priced between $0.01 and $1. If approved, the product would let traders take binary positions on stock index-related events for companies such as Nvidia, Apple, Microsoft, Amazon, Google, Meta and Tesla.