U.S. Options

The following ProShares ETF has announced a reverse stock split effective for Thursday, November 7, 2024:

• ProShares UltraPro Short QQQ (SQQQ)

On that date, the current SQQQ option class will change to SQQQ1.  SQQQ1 will be available for trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Thursday, November 7, 2024. No options on the underlying SQQQ will be available for trading on Thursday, November 7, 2024. 

All GTC orders resting on the MIAX order books in SQQQ will be canceled at the close of business on Wednesday, November 6, 2024.

SQQQ will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Friday, November 8, 2024.

NOTE:

• SQQQ1 options will trade on Cloud 16 on the MIAX Options Exchange, on Cloud 8 on the MIAX Pearl Options Exchange and the MIAX Emerald Options Exchange and on Cloud 5 on the MIAX Sapphire Options Exchange.

Market Makers can use the Member Firm Portal (MFP) to manage their option class assignments. Please note, SQQQ should be used for class assignments in SQQQ1 via MFP. All LMM and RMM Option Class Assignments must be entered prior to 6:00 PM ET on the business day immediately preceding the effective date.  All changes made after 6:00 PM ET on a given day will be effective two trading days later.

MIAX Options and MIAX Emerald Primary Lead Market Maker (PLMM) assignments and un-assignments will not be supported via the MFP. 
 
Additional details about the above ProShare ETF reverse split are provided in the attached OCC Memo.

Please contact MIAX Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.