Listing Alert
MIAX Options
March 28, 2018 | 11:18 AM
MIAX Options and MIAX PEARL Corporate Action Alert: Direxion Daily S&P Biotech Bear 3X Shares (LABD)
Direxion Daily S&P Biotech Bear 3X Shares (LABD) has announced a reverse stock split effective for Thursday, March 29, 2018. On that date, the current LABD option class will change to LABD1. The MIAX Options and MIAX PEARL Exchanges will not list LABD1 options. Therefore, no options on LABD will be available for trading on the MIAX Options and MIAX PEARL Exchanges on Thursday, March 29, 2018. Direxion Daily S&P Biotech Bear 3X Shares (LABD) will resume trading on the MIAX Options and MIAX PEARL Exchanges on Monday, April 2, 2018.
All GTC orders resting on the MIAX order books in LABD will be canceled at the close of business on Wednesday, March 28, 2018.
Additional details about the Direxion Daily S&P Biotech Bear 3X Shares (LABD) reverse split are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.