Wednesday April 15, 11:06 am Eastern Time
Company Press Release
SOURCE: Philadelphia Stock Exchange
PHLX to Begin Trading Options on Level 3 Communications, Inc. (QHN/LVLT)
PHILADELPHIA, April 15 /PRNewswire/ -- The Philadelphia Stock Exchange (PHLX) is pleased to announce that it will begin trading put and call options on Level 3 Communications, Inc. (option/stock symbol: QHN/LVLT), upon the opening of business on Monday, April 20, 1998.
Level 3 Communications, Inc. provides telecommunications and information services. The Company's services include local, long distance, and data transmission, as well as other enhanced services and Internet services.
POSITION
STOCK LIMITS SPECIALIST
Level 3 Communications, Inc. 10,500 Apex Investment Group
Options on Level 3 Communications, Inc. will trade on the March expiration cycle with initial expiration months of May, June, September and December. Opening strike prices will be 55, 60 and 65. In addition, Apex Investment will be offering an automatic execution (AUTO-X) of up to 25 contracts for orders executed through AUTOM, PHLX's automatic execution system for equity and sectors index options.
The PHLX is the first 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 2,800 stocks, 770 equity options, twelve index options, and 100 currency pairs.
INTERNET: phlx.com
SOURCE: Philadelphia Stock Exchange |
