MIAX Insiders Cashed In Options the Same Day. Here's What to Make of It
MIAX's EVP exercised options at $12 and $15.22 and immediately sold at $45.90.
Overview
Harish Jayabalan, EVP, CISO and CRO of Miami International Holdings, Inc. (NYSE:MIAX), reported a sale of 20,000 shares of common stock on August 4, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($45.90); post-transaction value based on the August 4 market close ($45.34).
Details
Miami International Holdings is a mid-cap financial services infrastructure provider with a $4.4 billion market capitalization that operates as a critical marketplace operator in U.S. capital markets. The company's diversified platform architecture across options, equities, and futures segments positions it to capture trading volume across multiple asset classes. MIAX maintains competitive advantages through its technology infrastructure, regulatory approvals across multiple asset classes, and established relationships with market participants seeking alternative execution venues.
Source
Originally published at www.fool.com.