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Regulatory Alert, Trading Alert

MIAX Pearl

January 27, 2026 | 11:51 AM

Change to the Maximum Differential for the MIAX Pearl Order Monitor and MIAX Sapphire Order Monitor for Certain Symbols Effective Wednesday, January 28, 2026

MIAX Pearl Options and MIAX Sapphire Options will increase the MIAX Pearl Order Monitor and MIAX Sapphire Order Monitor maximum valid bid/ask differentials to $20.00 for the following symbols:

  • PROSHARES ULTRA SILVER (AGQ)
  • ARGAN, INC. (AGX)
  • DIREXION DAILY JUNIOR GOLD MINERS INDEX BULL 2X SHARES (JNUG)
  • DIREXION DAILY GOLD MINERS INDEX BULL 2X SHARES (NUGT)
The changes will be effective on Wednesday, January 28, 2026, and remain in effect through Tuesday, March 31, 2026, unless withdrawn by the Exchanges before that time.

For additional information on the expanded bid/ask differentials, please refer to the following Regulatory Circulars: Direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.