PCX to Trade Four New Options
PR Newswire - February 26, 1999 15:30
SAN FRANCISCO, Feb. 26 /PRNewswire/ -- The Pacific Exchange (PCX) will begin trading options on Adelphia Communications Corporation (Nasdaq: ADLAC; PCX: ADU), Image Entertainment, Inc. (Nasdaq: DISK; PCX: DIU), Information Advantage, Inc. (Nasdaq: IACO; PCX: IAU), and NetGravity, Inc. (Nasdaq: NETG; PCX: NUG) on Wednesday, March 3, 1999.
Adelphia Communications Corporation (ADLAC/ADU) will trade on the January expiration cycle. It will open with strike prices of 50, 55, and 60, and will be available for the months of March, April, July, and October. Position and exercise limits have been set at 22,500 contracts. ADU options have been allocated to lead market maker Omar Shakill of Susquehanna Investment Group, who assures the disseminated market quote is firm for 20 contracts.
Image Entertainment, Inc. (DISK/DIU) will trade on the March expiration cycle. It will open with strike prices of 5, 7 1/2, and 10, and will be available for the months of March, April, June, and September. Position and exercise limits have been set at 22,500 contracts. The issue has been allocated to lead market maker Brian Geary of D. A. Davidson & Co., who assures the disseminated market quote is firm for 20 contracts.
Information Advantage, Inc. (IACO/IAU) will trade on the February expiration cycle. It will open with strike prices of 10, 12 1/2, and 15, and will be available for the months of March, April, May, and August. Position and exercise limits have been set at 31,500 contracts. IAU options have been allocated to lead market makers Matthew Shaffer and Patrick Ward of TFM Investment Group, who assure the disseminated market quote is firm for 25 contracts.
NetGravity, Inc. (NETG/NUG) will trade on the January expiration cycle. It will open with strike prices of 20, 22 1/2, and 25, and will be available for the months of March, April, July, and October. Position and exercise limits have been set at 31,500 contracts. The issue has been allocated to lead market makers Matthew Shaffer and Patrick Ward of TFM Investment Group, who assure the disseminated market quote is firm for 25 contracts.
For more information, visit the Pacific Exchange Web site at www.pacificex.com.
SOURCE Pacific Exchange
/CONTACT: Morrison Shafroth of the Pacific Exchange, 415-393-4216/
/Web site: pacificex.com
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