# NYSE Prepares All-or-Nothing Binary Options on Apple, Nvidia, Tesla and S&P 500 ETF

> NYSE is set to trade binary return options on 12 securities including Apple and Nvidia, paying $1 or nothing, and is seeking SEC approval for KPI options.

- Published: 2026-10-27T18:32:22+00:00
- Section: Product Launches
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-27/nyse-binary-return-options-launch
- Source: [MarketScreener](https://www.marketscreener.com/news/nyse-moves-to-bring-all-or-nothing-options-to-stocks-and-company-earnings-ce785cddde89f226)

## Key takeaways

- NYSE's binary return options are expected to begin trading within days on 12 underlying securities, including Apple, Nvidia, Tesla and the SPDR S&P 500 ETF Trust.
- The contracts pay $1 or nothing at expiration depending on whether the stock or ETF closes above or below a set price.
- NYSE is awaiting SEC approval for binary KPI options tied to metrics such as net sales, earnings per share, cloud-computing revenue or vehicle production.
- Cboe Global Markets recently received approval for similar KPI-based contracts in partnership with Robinhood.

The New York Stock Exchange is preparing to start trading binary return options on stocks and exchange-traded funds, contracts that pay $1 or nothing at expiration. Trading is expected to begin within days, according to [MarketScreener](https://www.marketscreener.com/news/nyse-moves-to-bring-all-or-nothing-options-to-stocks-and-company-earnings-ce785cddde89f226).

## How the NYSE Binary Return Options Work

The contracts let investors make all-or-nothing bets on whether a stock or ETF will close above or below a set price. The initial lineup covers 12 underlying securities, including Apple, Nvidia, Tesla and the SPDR S&P 500 ETF Trust, with more to be added over time.

"We've seen this incredible growth in the US options market over the last several years. When we look inside that volume growth, there's a lot of interest in newer ways to trade or newer products to trade," said Kevin Tyrrell, chief product officer at NYSE.

NYSE is also awaiting US Securities and Exchange Commission approval for binary key performance indicator options, which would pay based on whether a company reports a specified result above or below a threshold. The cash-settled, European-style contracts could be exercised only at expiration and would cover metrics such as net sales, earnings per share, cloud-computing revenue or vehicle production. The exchange operator's own site is at [nyse.com](https://www.nyse.com).

## Earlier NYSE Moves in Listings and Trading

On October 26, 2026, the NYSE notified Eve Holding of a warrant delisting and suspended trading due to abnormally low prices, with each warrant exercisable at $11.50 per share, Investing.com reported. That same day, the NYSE issued a pre-market advisory noting that floor broker orders now exceed half of the NYSE Closing Auction, with about $44 billion trading daily, PR Newswire APAC reported. On October 21, 2026, The Wall Street Journal reported that the NYSE is trailing Nasdaq in the competition for Wall Street's biggest new listings.

## Options Data and Trading Expansions Elsewhere

Options Technology deployed market data coverage across all Nasdaq options exchanges, including PHLX, OPM, Texas, ISE, GEMX and MRX, in native and normalized formats, [FinancialContent Business Page](https://www.financialcontent.com/article/bizwire-2026-10-21-options-expands-data-coverage-with-nasdaq-options-feeds) reported on October 21, 2026. Intercontinental Exchange's NYSE will extend options trading to 23 hours daily for select ETFs and stocks, [Yahoo](https://finance.yahoo.com/markets/options/articles/does-intercontinental-exchange-ice-signal-011806281.html) reported the same day. TradingView added options contracts from the Taiwan Futures Exchange to Supercharts, covering TAIEX, sector indices and single stocks such as TSMC, [Fxnewsgroup](https://fxnewsgroup.com/forex-news/platforms/tradingview-adds-options-from-taiwan-futures-exchange/) reported on October 21, 2026.

## Cboe's Approved KPI Contracts

Cboe Global Markets recently received approval for KPI-based contracts in partnership with Robinhood, according to MarketScreener. NYSE's KPI options remain subject to SEC approval.

## Companies in this story

- NYSE National · website: https://www.nyse.com

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