Listing Alert
MIAX Pearl
March 25, 2022 | 09:38 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) and Direxion Daily Semiconductor Bear 3X Shares (SOXS)
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) have announced reverse stock splits effective for Monday, March 28, 2022. On that date, the current DRIP option class will change to DRB1 and SOXS option class will change to SOXS1. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list DRB1 and SOXS1 options. Therefore, no options on DRIP and SOXS will be available for trading on Monday, March 28, 2022.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) will resume trading on the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Tuesday, March 29, 2022.
All GTC orders resting on the MIAX order books in DRIP and SOXS will be canceled at the close of business on Friday, March 25, 2022.
Additional details about the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) reverse splits are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.