Nasdaq-Led Push to List Mag7 and IBIT Options Expiries Draw Traders

Traders are embracing newly launched options that make it easier to place short-term bets on mega-cap technology stocks.

In late January, US options exchanges started listing new contracts that straddle the difference between daily and weekly options offerings on the Magnificent 7 stocks, a group that includes Nvidia Corp., Amazon.com Inc., Apple Inc., and Tesla Inc.