Listing Alert
MIAX Emerald
January 20, 2021 | 10:59 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: ProShares UltraShort QQQ (QID) and ProShares UltraShort Russell2000 (TWM)
ProShares UltraShort QQQ (QID) and ProShares UltraShort Russell2000 (TWM) have announced 1-for-4 reverse stock split effective for Thursday, January 21, 2021. On that date, the current QID and TWM option classes will change to QID1 and TWM1. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list QID1 and TWM1 options. Therefore, no options on QID and TWM will be available for trading on Thursday, January 21, 2021.
ProShares UltraShort QQQ (QID) and ProShares UltraShort Russell2000 (TWM) will resume trading on the the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Friday, January 22, 2021.
All GTC orders resting on the MIAX order books in QID and TWM will be canceled at the close of business on Wednesday, January 20, 2021.
Additional details about the above ProShares 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.