Listing Alert
MIAX Pearl
May 22, 2025 | 11:42 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: Tidal Trust II Defiance Daily Target 2x Short MSTR ETF (SMST)
Tidal Trust II Defiance Daily Target 2x Short MSTR ETF (SMST) has announced a reverse stock split effective for Friday, May 23, 2025. On this date, the current SMST option class will change to SMST2. The MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange will not list SMST2 options. Therefore, no options on SMST will be available for trading on Friday, May 23, 2025.
Tidal Trust II Defiance Daily Target 2x Short MSTR ETF (SMST) will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Tuesday, May 27, 2025.
All GTC orders resting on the MIAX order books in SMST will be canceled at the close of business on Thursday, May 22, 2025.
Additional details about the Tidal Trust II Defiance Daily Target 2x Short MSTR ETF (SMST) reverse split are provided in the attached OCC Memo.
Please contact MIAX Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.