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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Pirate who wrote (2355)	6/19/1998 10:28:00 AM
From: R.STOCKS	Respond to of 10081

CBOE to list three new options on June 23, 24 June 18, 1998 09:18 PM CHICAGO, June 18 (Reuters) - The Chicago Board Options Exchange said it would list options on shares in Orckit Communications Ltd. ORCTF starting June 23, and in General Magic Inc. GMGC and Teleglobe Inc. CA:TGO TGO on June 24. Orckit options will trade on the January expiration cycle, with introductory expirations in July, August, October and January. Initial strike prices were set at 15, 17-1/2 and 20. Eclipse, J.V. was named Designated Primary Market Maker (DPM). General Magic options will trade on the February expiration cycle, with introductory expirations in July, August, November and February. Initial strike prices were set at 10, 12-1/2 and 15. The options will trade in the K Mart Corp. trading crowd. Teleglobe options will trade on the March expiration cycle, with introductory expirations in July, August, September and December. Initial strike prices were set at 25, 30 and 35. RMB & Associates was named DPM. ((Chicago Derivatives Desk 312-408-8750, chicago.derivatives.newsroom@reuters.com)) REUTERS c 1998 Reuters.