U.S. Options

The following Direxion ETF's have announced reverse stock splits effective for Thursday, March 5, 2026:

• Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS)
• Direxion Daily TSLA Bear 1X Shares (TSLS)

On this date, the current HIBS and TSLS option classes will change to HIBS1 and TSLS1. The MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange will not list HIBS1 or TSLS1 options. Therefore, no options on HIBS and TSLS will be available for trading on Thursday, March 5, 2026. 

Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and Direxion Daily TSLA Bear 1X Shares (TSLS) will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Friday, March 6, 2026.

All GTC orders resting on the MIAX order books in HIBS and TSLS will be canceled at the close of business on Wednesday, March 4, 2026.

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

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