Listing Alert
MIAX Emerald
October 22, 2021 | 10:12 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: Direxion Daily Technology Bear 3X Shares (TECS)
Direxion Daily Technology Bear 3X Shares (TECS) has announced a 1-for-10 reverse stock split effective for Monday, October 25, 2021. On that date, the current TECS option class will change to TECS2. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list TECS2 options. Therefore, no options on TECS will be available for trading on Monday, October 25, 2021.
Direxion Daily Technology Bear 3X Shares (TECS) will resume trading on the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Tuesday, October 26, 2021.
All GTC orders resting on the MIAX order books in TECS will be canceled at the close of business on Friday, October 22, 2021.
Additional details about the Direxion Daily Technology Bear 3X Shares (TECS) reverse stock split are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.