Amex to Trade Options on General Magic, Inc.
PR Newswire, Wednesday, June 17, 1998 at 16:08
NEW YORK, June 17 /PRNewswire/ -- The American Stock Exchange today
announced it will trade options on the Nasdaq National Market-listed stock of
General Magic, Inc. (NASDAQ:GMGC/GCQ) beginning Wednesday, June 24.
General Magic, Inc., is a communications software firm. The company,
based in Sunnyvale, California, develops and offers technologies designed to
simplify communications and manage information resources. The company is
developing a service that will integrate voice and data information.
GGQ will open with strike prices of 10,12-1/2 and 15, with position limits
of 25,000 contracts. Initial expiration months will be July, August, November
of 1998 and February of 1999. Cohen, Duffy & McGowan Inc. will be the
specialist unit for the new options.
The Amex trades options on 30 broad-based and sector indexes and 961
domestic and foreign stocks, as well as Long-term Equity AnticiPation
Securities(R)(LEAPS(R)) on 114 stocks. The Amex is a leader in listing
warrants and foreign currencies and hybrid instruments and other products.
Visit the Amex web site located at amex.com.
SOURCE American Stock Exchange
-0- 06/17/98
/CONTACT: Yolanda Cain of American Stock Exchange, 212-306-1671, or
ycain@amex.com/
/Web site: amex.com |
