Listing Alert
MIAX Emerald
August 17, 2020 | 11:19 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: Select ProShares ETFs
ProShares UltraShort Nasdaq Biotechnology (BIS) and ProShares UltraPro Short QQQ (SQQQ) have announced reverse stock splits effective for Tuesday, August 18, 2020. On that date, the current BIS and SQQQ option classes will change to BIS1 and SQQQ2. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list BIS1 and SQQQ2 options. Therefore, no options on BIS and SQQQ will be available for trading on Tuesday, August 18, 2020.
ProShares UltraShort Nasdaq Biotechnology (BIS) and ProShares UltraPro Short QQQ (SQQQ) will resume trading on the the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Wednesday, August 19, 2020.
All GTC orders resting on the MIAX order books in BIS and SQQQ will be canceled at the close of business on Monday, August 17, 2020.
Additional details about the ProShares 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.