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Biotech / Medical : Biotech Derivatives -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (517)10/22/2001 4:05:33 PM
From: keokalani'nui  Read Replies (1) | Respond to of 555
 
CBOE lists options on three Morgan Stanley indexes
CHICAGO, Oct 22 (Reuters) - The Chicago Board Options Exchange said on Monday it has started listing options on three Morgan Stanley indexes -- a move aimed at giving investors another hedging tool for managing risk and exposure in the biotech, oil services and retail sectors.

The indexes -- called the Morgan Stanley Biotech Index (MVB), Morgan Stanley Oil Services Index (MGO) and Morgan Stanley Retail Index (MVR) -- are comprised of large-capitalization U.S. stocks within that sector.

The MVB index will include 36 top U.S. biotech companies such as Amgen Inc.(NasdaqNM:AMGN - news), Biogen Inc.(NasdaqNM:BGEN - news), and Chiron Corp.(NasdaqNM:CHIR - news) Equitec Structured Products LLC. has been named the Designated Primary Market Maker (DPM) for the index.

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The Morgan Stanley Index options are cash-settled, European-style exercise, with expirations on the March cycle. Initial expiration months are November, December, March and June, 2002.

The Morgan Stanley Indexes are calculated and maintained by the CBOE in consultation with the brokerage firm Morgan Stanley.

More information on the indexes including contract specifications and position limits, can be found on the ``Products'' page at www.cboe.com, www.MorganStanley.com or go directly to www.cboe.com/OptProd/index_comp.asp.