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Listing Alert

MIAX Emerald

April 22, 2020 | 11:15 AM

MIAX Exchange Group - Options Markets - Corporate Action Alert: Select Direxion ETFs

The following Direxion ETF's have announced reverse stock splits effective for Thursday, April 23, 2020:

  • Direxion Daily MSCI Brazil Bull 2X Shares (BRZU)
  • Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)
  • Direxion Daily Technology Bear 3X Shares (TECS)
  • Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)
On that date, the current BRZU, NUGT, TECS, and TMV option classes will change to BRZU1, NUGT1, TECS1, and TMV1. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list BRZU1, NUGT1, TECS1, and TMV1 options. Therefore, no options on BRZU, NUGT, TECS, and TMV will be available for trading on Thursday, April 23, 2020. 

The above Direxion ETF's will resume trading on the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Friday, April 24, 2020.

All GTC orders resting on the MIAX order books in BRZU, NUGT, TECS, and TMV will be canceled at the close of business on Wednesday, April 22, 2020.

Additional details about the reverse splits are provided in the attached OCC Memos.

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