Regulatory Alert, Trading Alert
MIAX Sapphire
August 06, 2024 | 02:10 PM
MIAX Sapphire Options Complex Order Parity Spread Variance Value
The MIAX Sapphire Options System will provide parity price protection for strategies that consist of a sale (purchase) of one call and the purchase (sale) of 100 shares of the underlying stock or that consist of the purchase (sale) of one put and the purchase (sale) of 100 shares of the underlying stock. A Parity Spread Variance (“PSV”) value between $0.00 and $0.50 will be uniform for all option classes traded on the Exchange.
Please note, the Exchange has set the PSV to $.10.
Please refer to MIAX Sapphire Options RC 2024-27 for further information.
For questions regarding PSV, please contact Trading Operations at TradingOperations@miaxglobal.com or calling (609) 897-7302.
Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.