Quote.com News Item #6971972
Headline: CBOE to List LEAPS(R) on Seven Options on Tuesday, July 7
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CHICAG0, July 2 /PRNewswire/ -- 0n Tuesday, July 7, the Chicago Board
Options Exchange (CBOE) will list LEAPS(R) (Long-term Equity AnticiPation
Securities(R)) on seven options. These seven options are: Enron Corporation
(CBOE: ENE), ICOS Corporation (NASDAQ:ICOS; CBOE: IIQ), Marine Drilling
Companies, Inc. (NASDAQ:MDCO; CBOE: QDM), Northern Telecom Limited
(CBOE: NT), PeopleSoft, Inc. (NASDAQ:PSFT; CBOE: PQO), Rational Software
Corporation (NASDAQ:RATL; CBOE: RAQ) and VLSI Technology, Inc. (NASDAQ:VLSI;
CBOE: VLQ). With the addition of these seven options, CBOE will list a total
of 171 LEAPS(R) on highly capitalized, actively traded equities.
Enron Corporation LEAPS(R) will have strike prices of 40, 50 and 60 with
expirations in January 2000 (ticker symbol LYN) and January 2001 (ticker
symbol ZOZ). ICOS Corporation LEAPS(R) will have strike prices of 15, 20 and
25 with expirations in January 2000 (ticker symbol LJI) and January 2001
(ticker symbol ZIL). Marine Drilling Companies, Inc. LEAPS(R) will have
strike prices of 10, 15 and 20 with expirations in January 2000 (ticker symbol
LJM) and January 2001 (ticker symbol ZDQ). Northern Telecom Limited LEAPS(R)
will have strike prices of 45, 50, 55, 60 and 65, with expirations in January
2000 (ticker symbol LOZ) and January 2001 (ticker symbol ZOO). PeopleSoft,
Inc. LEAPS(R) will have strike prices of 40, 45, 50 and 55 with expirations in
January 2000 (ticker symbol LLP) and January 2001 (ticker symbol ZPQ).
Rational Software Corporation LEAPS(R) will have strike prices of 12 1/2, 15
and 17 1/2 with expirations in January 2000 (ticker symbol LJR) and January
2001 (ticker symbol ZRA). VLSI Technology, Inc. LEAPS(R) will have strike
prices of 15, 17 1/2, 20, 22 1/2 and 25 with expirations in January 2000
(ticker symbol LJV) and January 2001 (ticker symbol ZQV). (Note: strike
prices are subject to change based on the price of the underlying security.)
Trading hours are 8:30 a.m. to 3:02 p.m. Chicago time.
Year-to-date volume in Equity LEAPS(R) for 1998 is 3.9 million contracts
(representing 390 million shares of stock).
CBOE also lists the following long-term index options: DJX LEAPS(R),
based on the Dow Jones Industrial Average(R); OEX LEAPS(R) and SPX LEAPS(R),
based on the S&P 100(R) and S&P 50O(R) stock indexes, S&P Health Care
Composite LEAPS(R); and LEAPS(R) on the CBOE Mexico, Russell 2000(R), Nikkei
300, CBOE Technology, CBOE Internet and CBOE Oil indices. In addition, the
Exchange lists LEAPS(R) on interest rates.
CBOE, regulated by the Securities and Exchange Commission (SEC), is the
pioneer of listed options and the world's largest options marketplace.
SOURCE Chicago Board Options Exchange
-0- 07/02/98
/CONTACT: Carol Kennedy of CBOE, 312-786-7323/
AND
Headline: AMEX to list LEAPS on PeopleSoft and VLSI
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CHICAGO, July 2 (Reuters) - The American Stock Exchange
said it would list long-term equity anticipation securities
(LEAPS) on PeopleSoft Inc. (NASDAQ:PSFT) and VLSI Technology Inc.
(NASDAQ:VLSI) shares on July 7.
The LEAPS, which are long-term equity options, will have
initial strike prices of 40, 45, 50 and 55 for PeopleSoft.
January 2000 expirations will trade under ticker symbol LLP and
January 2001s under symbol ZPQ.
VLSI LEAPS will have initial strike prices of 15, 17-1/2,
20, 22-1/2 and 25. The January 2000s will trade under ticker
symbol LJV and January 2001s under symbol ZQV.
chicago.derivatives.newsroom@reuters.com))
Copyright 1998, Reuters News Service |
