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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (42629)	5/7/1998 10:27:00 PM
From: Jpres	Read Replies (1) \| Respond to of 58727

Dave Is this what u need??? Hope it post so u can read it!!!!!Or u can do here amex.com Stock Index Contract Specifications Options The Morgan Stanley High-Technology 35 Index(SM) Symbol: MSH Description of Index The Morgan Stanley High-Technology 35 Index is designed to measure the performance of a cross section of highly capitalized U.S. companies that are active in nine technology subsectors: computer services, design software, server software, PC software and new media, networking and telecommunications equipment, server hardware, PC hardware and peripherals, specialized systems and semiconductors. Equal-Dollar Weighting MSH is equal-dollar weighted to ensure that components are represented in approximate equal dollar value. Equal-dollar weighting was established by designating the number of shares (rounded to the nearest whole share) of each component stock to represent approximately $300,000, based on closing prices on Dec. 16, 1994 (e.g., a stock that closed at $40 per share would be represented in the Index by 7,500 shares for a total market value of $300,000). The aggregate value of the stocks was reduced by a divisor to establish the benchmark value of 200. To ensure that each component continues to represent approximately equal market value in the Index, adjustments, if necessary, are made annually after the close of trading on the third Friday of December. Index Components The Morgan Stanley High-Technology 35 Index is composed of shares of the following issues: America Online, Inc. (AOL) Applied Materials, Inc. (AMAT) Ascend Communications, Inc. (ASND) Automatic Data Processing, Inc. (AUD) Bay Networks, Inc. (BAY) Cisco Systems, Inc. (CSCO) Compaq Computer Corporation (CPQ) Computer Associates Int'l, Inc. (CA) Computer Sciences Corporation (CSC) Dell Computer Corporation (DELL) Electronic Arts, Inc. (ERTS) Electronic Data Systems Corp. (EDS) EMC Corporation (EMC) First Data Corporation (FDC) Hewlett-Packard Company (HWP) Intel Corporation (INTC) International Business Machines Corp. (IBM) Intuit, Inc. (INTU) Linear Technology Corporation (LLTC) Lucent Technologies, Inc. (LU) Microsoft Corporation (MSFT) Motorola, Inc. (MOT) Netscape Communications Corp. (NSCP) Oracle Corporation (ORCL) Parametric Technology Co. (PMTC) PeopleSoft, Inc. (PSFT) Seagate Technology Inc. (SEG) SGS-Thomson Micro. N.V. (STM) Solectron Corporation (SLR) Sun Micosystems, Inc. (SUNW) Tellabs, Inc. (TLAB) Texas Instruments, Inc. (TXN) 3Com Corporation (COMS) Xilinx, Inc. (XLNX) Yahoo! Inc. (YHOO) Trading Unit The minimum trade size is one option contract. The notional value underlying each contract equals $100 multiplied by the Index value. Expiration Cycle Three consecutive near-term expiration months plus two successive months from the March cycle. Expiration The Saturday following the third Friday of the expiration month. Last Trading Day Two business days prior to expiration (normally a Thursday). Limited Exercise of Options European style. Options may be exercised only on the last business day prior to expiration (normally a Friday). Writers are subject to assignment only at expiration. "Delivery" Method if Exercised Cash settlement based on the dollar difference between the final settlement value of the Index and the strike price of the contract multiplied by $100. Exercise Price Intervals Exercise (strike) prices are set at five-point intervals, bracketing the current value of the Index when the Index is above 200. If the Index is below 200, the interval will be 2 1/2 points. Option Premium Quotations Stated in points and fractions. One point equals $100. Minimum tick for series trading below 3 is 1/16 ($6.25); for all other series, 1/8 ($12.50). Final Index Settlement Value Determined on the last business day prior to expiration, based on the first (opening) reported sale price for each component stock. Settlement Next New York business day following expiration. Position Limits 15,000 contracts on the same side of the market. Minimum Customer Margin for Uncovered Writers Premium plus 20% of the aggregate Index value (Index value x $100) reduced by any out-of-the-money amount to a minimum of premium plus 10% of the aggregate Index value. Trading Hours 9:30 a.m. to 4:02 p.m., New York time. Trading System Specialist/Registered Options Trader. CUSIP Number 0300983100 Trading Symbol MSH Final Settlement Value Symbol MVH "Morgan Stanley High-Technology 35 Index" is a service mark of Morgan Stanley Dean Witter & Co. Incorporated and has been licensed for use by the American Stock Exchange, Inc. Morgan Stanley Index options are not sponsored by Morgan Stanley and Morgan Stanley does not guarantee the accuracy or completeness of the Index or make any warranty, express or implied, as to results to be obtained by anyone in connection with the use of the Index and further disclaims all warranties of merchantability or fitness for a particular purpose with respect to the Index. Morgan Stanley also assumes no liability or obligation in connection with the trading of the Morgan Stanley Index options. Good trading John