Listing Alert
MIAX Pearl
March 23, 2020 | 12:06 PM
MIAX Exchange Group - Options Markets - Corporate Action Alert: Select Direxion ETFs
Direxion Daily Energy Bull 3X Shares (ERX), Direxion Daily Natural Gas Related Bull 3X Shares (GASL), and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH) have announced reverse stock splits effective for Tuesday, March 24, 2020. On that date, the current ERX, GASL, and GUSH option classes will change to ERX1, GASL1, and GUSH2. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list ERX1, GASL1, and GUSH2 options. Therefore, no options on ERX, GASL, and GUSH will be available for trading on Tuesday, March 24, 2020.
Direxion Daily Energy Bull 3X Shares (ERX), Direxion Daily Natural Gas Related Bull 3X Shares (GASL), and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH) will resume trading on the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Wednesday, March 25, 2020.
All GTC orders resting on the MIAX order books in ERX, GASL, and GUSH will be canceled at the close of business on Monday, March 23, 2020.
Additional details about the above Direxion ETF 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.