U.S. Options

Tradr 2X Short SNDK Daily ETF (SNDQ) has announced a reverse stock split effective for Tuesday, July 21, 2026.

SNDQ1 will be available for trading on the MIAX Options, MIAX Pearl Options and MIAX Sapphire Options Exchanges on Tuesday, July 21, 2026. SNDQ1 will not be available for trading on the MIAX Emerald Options Exchange.

No options on the underlying SNDQ will be available for trading on Tuesday, July 21, 2026.

All GTC orders resting on the MIAX order books in SNDQ will be canceled at the close of business on Monday, July 20, 2026.

SNDQ will resume trading on the MIAX Options, MIAX Pearl Options, MIAX Emerald Options and MIAX Sapphire Options Exchanges on Wednesday, July 22, 2026.

Please Note:

• SNDQ1 options will trade on Cloud 12 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. 

• SNDQ should be used for class assignments in SNDQ1 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 Tradr 2X Short SNDK Daily ETF (SNDQ) reverse stock split are provided in the attached OCC Memo.

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