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HLX to Begin Trading Options on Amazon.com, Inc. (ZQN/AMZN)
PHILADELPHIA, Nov. 12 /PRNewswire/ -- The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading put and call options on Amazon.com, Inc. (option/stock symbol: ZQN/AMZN) upon the opening of business on Wednesday, November 19, 1997.
Amazon.com, Inc. retails books online. The Company offers customers a selection of 2.5 million book titles. Amazon.com also sells a small number of CDs, videotapes and audiotapes online.
The following table lists the stock, symbols, position limits, and specialist unit for the new issue:
POSITION STOCK LIMITS SPECIALIST Amazon.com, Inc. (ZQN/AMZN) 10,500 Susquehanna Investment Group
Options on Amazon.com, Inc. will trade on the January expiration cycle with initial expiration months of December, January, April, and July. Opening strike prices will be 45, 50, and 55. In addition, Susquehanna Investment Group will be offering an automatic execution (AUTO-X) of up to 10 contracts for orders executed through AUTOM, PHLX's automatic execution system for equity and sectors index options.
The PHLX is the oldest securities exchange in the U.S. and the nation's fastest growing sectors index options exchange. Founded in 1790, PHLX is a market leader in the trading of over 2,700 stocks, 710 equity options, twelve sectors index options, and 100 currency pairs. |