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Listing Alert

MIAX Options

May 23, 2019 | 11:54 AM

MIAX Exchange Group - Options Markets - Corporate Action Alert: ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (SQQQ) has announced a reverse stock split effective for Friday, May 24, 2019.  On that date, the current SQQQ option class will change to SQQQ1. MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list SQQQ1 options. Therefore, no options on SQQQ will be available for trading on Friday, May 24, 2019. 

ProShares UltraPro Short QQQ (SQQQ) will resume trading on the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Tuesday, May 28, 2019.

All GTC orders resting on the MIAX order books in SQQQ will be canceled at the close of business on Thursday, May 23, 2019.

Additional details about the ProShares UltraPro Short QQQ (SQQQ) reverse stock split are provided in the attached OCC Memo.

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