Listing Alert
MIAX Options
March 23, 2016 | 12:26 PM
MIAX Corporate Action Alert: Direxion Daily S&P Biotech Bull 3X Shares (LABU)
Direxion Daily S&P Biotech Bull 3X Shares (LABU) has announced a 1-for-4 reverse split that will become effective on Thursday, March 24, 2016. On that date, the current LABU option class will change to LABU1. The MIAX Options Exchange will not list LABU1 options. Therefore, no options on LABU will be available for trading on the MIAX Options Exchange on Thursday, March 24, 2016. Direxion Daily S&P Biotech Bull 3X Shares (LABU) will resume trading on the MIAX Options Exchange on Monday, March 28, 2016.
All GTC orders resting on the MIAX order book in LABU will be canceled at the close of business on Wednesday, March 23, 2016.
Additional details about the Direxion Daily S&P Biotech Bull 3X Shares (LABU) 1-for-4 reverse split, are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.