Assuming that all goes well with the IPO, the process begins. The exchanges and Options Clearing Corp (OCC) have a few items to verify before listing options. For example, the number of shares in float, the amount of stock traded (should reach that easily with the IPO), and a few other minor requirements.
On the 6th business day of stock trading (this includes Thursday the 7th so the 6th business day would be Thursday November 14th), if all the requirements are met, the CBOE (and other exchanges wishing to list options on TWTR) would be expected to petition the OCC to add TWTR options. The OCC would determine which Cycle (Jan-April, Feb-May or March-June), which strike prices would be listed and give approval to list options the following day, Friday November 15th. This approval and listing procedure has been around for many years and has worked pretty smoothly.
Will their be TWTR Weeklys or LEAPS® options available? Not right away, but if investors are looking for those products I’d think they could be added pretty quickly. Will there be 1-point strikes or 2.50 point strikes? I’m not sure, we will probably know the middle of next week.