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Biotech / Medical : Biotech Derivatives

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To: LLCF who wrote (543)9/19/2002 5:02:53 PM
From: keokalani'nui  Read Replies (1) of 555
 
Pacific Exchange to Trade Options on iShares Nasdaq Biotechnology Index Fund
SAN FRANCISCO, June 24 /PRNewswire/ -- The Pacific Exchange (PCX) has announced that, on Tuesday, June 25, 2002, it will begin trading options on the iShares Nasdaq Biotechnology Index Fund (Amex: IBB; PCX). The fund is designed to correspond to the price and yield performance of the Nasdaq Biotechnology Index.

IBB options will trade on the March expiration cycle. Position and exercise limits have been set at 13,500 contracts. The issue has been allocated to lead market maker Todd Kramer of Knight Financial Products.

SOURCE: The Pacific Exchange
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