BOX Exchange LLC (“BOX”), distributed RC-2020-06 detailing modified bid-ask differentials for certain option classes effective through June 20, 2020.
Update: Effective June 10, 2020, the maximum valid bid/ask differential for Market Makers, for symbol “NKLA” will be $20 for all series.
The maximum valid bid/ask differentials for the following symbols may be up to $10 wide: ”ALGN”, “ANET”, “AVGO”, “BA”, “BYND”, “CACC”, “CHTR”, “ILMN”, “ISRG”, “MELI”, “NTES”,
“NFLX”, “ROP”, “ORLY”, “REGN”, “SAM”, “SHOP”, “SHW”, and “ULTA”.
The maximum valid bid/ask differentials for the following symbols may be up to $20 wide: “AMZN”, "AZO", “BKNG”, “BLK”, “CMG”, “DRIP”, “EQIX”, “GOOG”, “GOOGL”, “LMT”, “MTD”, “NKLA”, “TDG”, and “TSLA”.
Please Note: Requests for bid-ask relief on a class by class basis should be directed to BOX Regulation. Requests must include an explanation as to why bid-ask relief is needed. If a particular option class was granted bid-ask relief through an expiration period and the relief is greater than the below bid-ask differentials, the relief granted will continue through the expiration period.
