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Listing Alert

MIAX Sapphire

December 01, 2025 | 11:45 AM

MIAX Exchange Group - Options Markets - Corporate Action Alert: Select Tradr ETFs

The following ETFs have announced reverse stock splits effective for Tuesday, December 2, 2025.  On that date, the current option classes will change to the following:

  • Tradr 2X Long QUBT Daily ETF (QUBX) changes to (QUBX1)
  • Tradr 2X Long SMR Daily ETF (SMU) changes to (SMU1)
The MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange will not list the above adjusted options. Therefore, no options on QUBX and SMU will be available for trading on Tuesday, December 2, 2025.

QUBX and SMU will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Wednesday, December 3, 2025.

All GTC orders resting on the MIAX order books in QUBX and SMU will be canceled at the close of business on Monday, December 1, 2025.

Additional details about the above reverse stock splits are provided in the attached OCC Memos.

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