Amex to Trade Options on Semtech Corporation
PR Newswire - January 13, 1998 12:19
NEW YORK, Jan. 13 /PRNewswire/ -- The American Stock Exchange today
announced it will trade options on the over-the-counter stock of Semtech
Corporation (stock/option symbol: SMTC/QTU) beginning Wednesday,
January 21.
Semtech Corporation, based in Newbury Park, California, manufactures
silicone rectifiers, integrated circuits and related devices. The Company's
products are used in aerospace, industrial, military, computer
and consumer applications.
QTU will open with strike prices of 17-1/2, 20 and 22-1/2, with position
limits of 7,500 contracts. Initial expiration months will be February, March,
June and September of 1998. The specialist unit for the new options will be
Kalb, Voorhis/Cranmer & Cranmer.
The Amex trades options on 29 broad-based and sector indexes and 844
stocks -- including 360 over-the-counter stocks and 88 American Depositary
Receipts (ADR's) -- and 99 Long-term Equity AnticiPation Securities(R)
(LEAPS(R)). In addition, the Amex is a leader in listing warrants on foreign
currencies and indexes as well as hybrid instruments and other structured
products.
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