Trading Alert
MIAX Options
February 19, 2019 | 04:19 PM
Options on the SPIKES Index
On October 12, 2018, the Securities and Exchange Commission (“SEC”) approved the Exchange’s proposal to list and trade on the Exchange options on the SPIKES™ Index (“SPIKES” or the “Index”), a new index that measures expected 30-day volatility of the SPDR S&P 500 ETF Trust (commonly referred to by its ticker symbol, “SPY”). The listing and trading of options on SPIKES commenced on February 19, 2019. Options on SPIKES will be cash-settled, and will have European-style exercise provisions. The Index is calculated using published real-time prices of SPY options.
Please refer to MIAX Options Regulatory Circular 2019-15 for further details.
Contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 with any questions about SPIKES functionality.
Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.