Listing Alert
MIAX Emerald
August 27, 2020 | 10:47 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: Select Direxion Daily Bear 3x ETFs
Direxion Daily S&P Biotech Bear 3X Shares (LABD) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) have announced reverse stock splits effective for Friday, August 28, 2020. On that date, the current LABD and SOXS option classes will change to LABD1 and SOXS1. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list LABD1 or SOXS1 options. Therefore, no options on LABD or SOXS will be available for trading on Friday, August 28, 2020.
Direxion Daily S&P Biotech Bear 3X Shares (LABD) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) will resume trading on the the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Monday, August 31, 2020.
All GTC orders resting on the MIAX order books in LABD and SOXS will be canceled at the close of business on Thursday, August 27, 2020.
Additional details about the Direxion Daily S&P Biotech Bear 3X Shares (LABD) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) 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.