Alerts

MIAX Options and MIAX PEARL Corporate Action: SPDR S&P Dividend ETF (SDY) Capital Gains Distribution

SPDR S&P Dividend ETF (SDY) has announced a long term capital gains distribution effective for Friday, December 15, 2017.

SPDR S&P Dividend ETF (SDY) options will be adjusted to reflect the total capital gains distribution on December 15, 2017 by including a cash component with the SDY deliverable in the amount of the distribution (x 100).  Effective for trading on Monday, December 18, 2017, the SDY deliverable will no longer include the cash component, and SDY strikes will be reduced and rounded to the nearest penny.

PLEASE NOTE: All GTC's resting on the MIAX order books at the close of business on December 14, 2017 will be cancelled by the Exchange on the following trading day at 9:00 AM ET if not cancelled by the firm.  New or replaced orders will remain on the order books.  Firms should evaluate pricing based on the temporary cash component.

Additional details about the SPDR S&P Dividend ETF (SDY) capital gains distribution are provided in the attached OCC Memo.

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