U.S. Options

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

• Direxion Daily Gold Miners Index Bear 2X Shares (DUST) changes to (DUST1)
• Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) changes to (JDST1)
• Direxion Daily Semiconductor Bear 3X Shares (SOXS) changes to (SOXS1)

DUST1, JDST1 and SOXS1 will be available for trading on the MIAX Options Exchange, MIAX Pearl Options Exchange and MIAX Sapphire Options Exchange on Thursday, March 5, 2026. DUST1, JDST1 and SOXS1 will not be available for trading on the MIAX Emerald Options Exchange.

No options on the underlying DUST, JDST or SOXS will be available for trading on Thursday, March 5, 2026.

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

DUST, JDST and SOXS 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.

Please Note:

• DUST1 options will trade on Cloud 4 on the MIAX Options Exchange, on Cloud 3 on the MIAX Pearl Options Exchange and on Cloud 2 on the MIAX Sapphire Options Exchange.
• JDST1 options will trade on Cloud 10 on the MIAX Options Exchange, on Cloud 4 on the MIAX Pearl Options Exchange and on Cloud 3 on the MIAX Sapphire Options Exchange.
• SOXS1 options will trade on Cloud 16 on the MIAX Options Exchange, on Cloud 8 on the MIAX Pearl Options Exchange and on Cloud 5 on the MIAX Sapphire Options Exchange.

Market Makers can use the Member Firm Portal (MFP) to manage their option class assignments. 

• DUST should be used for class assignments in DUST1 via MFP
• JDST should be used for class assignments in JDST1 via MFP
• SOXS should be used for class assignments in SOXS1 via MFP

All LMM and RMM Option Class Assignments must be entered prior to 6:00 PM ET on the business day immediately preceding the effective date.  All changes made after 6:00 PM ET on a given day will be effective two trading days later.

MIAX Options and MIAX Emerald Primary Lead Market Maker (PLMM) assignments and un-assignments will not be supported via the MFP. 
 
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.