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SYMBOL UPDATE - 12/28/2023 - QQQ Special Cash Dividend

ICE Data Services -

Per OCC's website:

Invesco QQQ Trust, Series 1 (QQQ) has announced a Special Cash Dividend of $0.21584 per QQQ
Share. The record date is December 28, 2023; payable date is January 15, 2024. The ex-distribution date
for this distribution will be December 27, 2023.

View announcement here.

What does this mean?

Strike prices for QQQ options are reduced by $0.21584 and rounded to the nearest penny.

Resources

“Invesco QQQ Trust, Series 1 - Cash Distribution Option Symbol: 2QQQ New Option Symbol: 2QQQ1.” The Options Clearing Corporation, 26 Dec. 2023, infomemo.theocc.com/infomemos?number=53849.