Listing Alert
MIAX Options
August 24, 2016 | 11:24 AM
MIAX Corporate Action Alert: Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP)
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) has announced a reverse split that will become effective on Thursday, August 25, 2016. On that date, the current DRIP option class will change to DRIP1. The MIAX Options Exchange will not list DRIP1 options. Therefore, no options on DRIP will be available for trading on the MIAX Options Exchange on Thursday, August 25, 2016. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) will resume trading on the MIAX Options Exchange on Friday, August 26, 2016.
All open GTC orders resting on the MIAX order book in DRIP will be canceled at the close of business on Wednesday, August 24, 2016.
Additional details about the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) 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.