CBOE to List LEAPS(R) with January 2000 Expirations on 57 Stocks
PR Newswire - May 15, 1997 15:41
FINANCIAL FIN V%PRN P%PRN
CHICAGO, May 15 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE)
on Monday, May 19, will list LEAPS(R) (Long-term Equity AnticiPation
Securities(R)) with January 2000 expirations on 57 stocks.
For these 57 option classes, the LEAPS with January 1998 expirations will
convert to standard options on Monday, May 19, and their ticker symbols will
change to the standard option symbols.
CBOE, which lists 120 equity LEAPS, will introduce January 2000
expirations for the balance of its equity LEAPS listings in June and July.
Equity LEAPS trade in units of 100 shares of stock per contract, have
American-style exercise and settle in stock. Trading hours are 8:30 a.m.
to 3:10 p.m. Chicago time.
Open interest in equity LEAPS has increased dramatically since CBOE
developed and launched the product in October 1990. At the end of April 1997,
open interest in CBOE equity LEAPS was 1.97 million contracts (representing
197 million shares of stock).
CBOE also lists LEAPS on eight stock indices, based on 1/10th the value of
their respective underlying indices. They are OEX LEAPS(R) and SPX LEAPS(R)
(based on the S&P 100(R) and S&P 500(R)); CBOE's Internet, Oil, Technology,
and Mexico indices, the Nikkei 300 and Russell 2000(R). In addition, CBOE
lists LEAPS on interest rates.
Investors may obtain more information about LEAPS by accessing CBOE's web
site at cboe.com or by calling CBOE at 800-OPTIONS. CBOE,
regulated by the SEC, is the pioneer of listed options and the world's largest
options marketplace.
ATTACHED: Equity LEAPS with January 2000 Expirations
(NOTE: Strike prices are subject to change based on the price of the
underlying securities.)
CBOE Equity LEAPS
Stock Name Stock 2000
Symbol LEAPS STRIKES
1. AT&T T LT 25, 30, 35
2. Allstate Corp. ALL LZL 60, 70, 80
3. America Online AMER LOL 45, 50, 55
4. Andrew Corp. ANDW LNA 25, 30, 35
5. Atlantic Richfield ARC LFR 140, 150, 160
6. AirTouch Comm. ATI LRH 20, 25, 30
7. Avon Products AVP LVP 50, 60, 70
8. Bank America BAC LBA 100, 110, 120
9. Bell Atlantic BEL LEU 60, 70, 80
10. Biogen N.V. BGEN LGB 30, 35, 40
11. Borland BORL LOB 5, 10, 15
12. Burlington Northern BNI LNI 70, 80, 90
13. Chrysler C LCR 25, 30, 35
14. Chubb Corp. CB LCU 50, 55, 60
15. Citicorp CCI LCC 10, 15, 20
16. Chiron CHIR LHR 30, 45, 60
17. Centocor CNTO LCO 25, 30, 35
18. Cisco Systems CSCO LCY 40, 45, 50, 55, 60,
65, 70, 75, 80, 85
19. Delta Air Lines DAL LDA 90, 95, 100
20. Dean Witter Discover DWD LWW 30, 40, 50
21. EMC EMC LUE 30, 35, 40, 45
22. ESS Technology, Inc. ESST LAG 15, 20, 25, 30
23. Eastman Kodak EK LEK 70, 80, 90
24. Electronics
for Imaging EFII LEF 40, 45, 50
25. Ericsson (LM)
Telephone ERICY LYD 25, 30, 35
26. Exxon XON LXO 50, 60, 70
27. Federal Express FDX LFX 50, 55, 60
28. First Chicago NBD FCN LCD 25, 35, 45, 55, 65
29. Fore Systems, Inc FORE LFY 10, 15, 20
30. Grupo Televisa S.A. TV LVT 20, 25, 30, 35
31. HFS, Inc HFS LFH 50, 60, 70
32. Homestake Mining HM LHM 12.5, 15, 17.5
33. International Business
Machines IBM LIB 140, 160, 180
34. International Paper IP LNP 40, 45, 50
35. Johnson & Johnson JNJ LJN 55, 60, 65
36. Lucent Technologies,
Inc. LU LUN 40, 45, 50, 55, 60,
65, 70
37. MCI Communications MCIC LTU 30, 35, 40
38. Maytag Corp. MYG LMY 17.5, 20, 22.5, 25
39. MEMC Electro
Materials WFR LRF 20, 25, 30
40. Minnesota Min. & Mfg. MMM LMU 90, 95, 100
41. Merck & Co. MRK LMK 80, 90, 100
42. Monsanto Co. MTC LCT 35, 45, 55
43. Micron Technology MU LGY 30, 40, 50
44. Nokia Corp NOK/A LOK 50, 60, 70, 80
45. PepsiCo Inc PEP LPP 25, 30, 35, 40, 45,
50
46. Pharmacia & Upjohn PNU LUP 30, 35, 40
47. Polaroid Corp. PRD LRD 45, 50, 55
48. QUALCOMM, Inc. QCOM LLU 40, 50, 60
49. Republic Industries RWIN LPU 20, 25, 30
50. Sears S LS 40, 50, 60
51. Telefonica de
Argentina TAR LRA 25, 30, 25
52. Telebras TBR LZR 95, 125, 145
53. Trans World Airlines TWA LWA 5, 7.5, 10
54. Texas Instruments TXN LTN 90, 100, 110
55. U.S.A. Waste Services UW LUY 30, 35, 40
56. Xerox XRX LXX 50, 60, 70
57. YPF S.A. ADS YPF LYF 22.5, 25, 30
SOURCE Chicago Board Options Exchange
CONTACT: Stan Lata, 312-786-7392, or Bonnie Greenberg, 312-786-7393,
both of CBOE |
