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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (6359)	6/30/2003 3:57:10 PM
From: BWAC	Respond to of 25522

Guess AMAT is included now? FOR IMMEDIATE RELEASE CBOE Adds $1 Strike Prices on Selected Stock Options CHICAGO, June 24, 2003 -The Chicago Board Options Exchange (CBOE) today announced the start of a pilot program to list series on certain stock option classes at $1 strike price increments. CBOE initiated its program today by listing $1 increment strike prices on AMR Corporation (AMR) and Sun Microsystems Corp. (SUNW). CBOE plans to add Calpine Corp. (CPN), El Paso Corp. (EP), and EMC Corp. (EMC) on Wednesday, June 25, and plans to add Motorola, Inc. (MOT) options on Thursday, June 26. Under the pilot program, CBOE may select up to five equity classes on which $1 increment strike prices may be listed and CBOE also may list $1 strike price series on any other classes that are selected by other exchanges pursuant to their respective pilot programs. For a class to be eligible for the pilot program, an underlying stock must close under $20 and strike prices only may be from $3 to $20. CBOE sought SEC approval to list options with tighter price intervals in an effort to better align option trading opportunities with lower priced stocks. Traditionally, options strike prices are set in $5 increments on stocks that are priced over $20 and in $2.50 increments for stocks that trade under $20 and, for certain classes, between $25 and $50. CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE website at cboe.com.