To: Jorj X Mckie who wrote (14691 ) 2/25/1999 8:22:00 PM From: Jerry Olson Read Replies (1) | Respond to of 34817
XXXXXXXXXXXXXXX how about trading these??????????????better than the Spoooooos....Options Jerry (16587 ) From: Patrick Slevin Thursday, Feb 25 1999 8:07PM ET Reply # of 16707 Here is something that you may be interested in, ________________________________________________ FOR IMMEDIATE RELEASE CBOE Launches Options on the Dow Jones Internet Commerce Indexsm CHICAGO, February 25, 1999 - The Chicago Board Options Exchange (CBOE) announced that it will begin trading Options on the Dow Jones Internet Commerce Index (ticker: ECM) on February 26, 1999. Three years ago, the CBOE introduced the world's first Internet index option, the INX. CBOE's Dow Jones Internet Commerce options is another example of CBOE's history of product innovation. Composed of 15 leading Internet commerce stocks, options on the Internet Commerce Index make it easy to participate in the growth of this volatile sector, or to hedge against downside risk. The following stocks have been chosen for the index: Ticker Name AMZN Amazon.com BCST Broadcast.com BYND Beyond.com CDNW CDNow Inc. COOL Cyberian Outpost EBAY E-Bay Inc. EGGS Egghead.com Inc. EGRP E*Trade Group GCTY Geocities LCOS Lycos Inc. ONSL OnSale Inc. SEEK InfoSeek Corp. TMCS TicketMaster Online-City Search XCIT Excite, Inc. YHOO Yahoo! Inc. The stocks comprising the index each generate at least 50% of sales/revenues via the Internet. The index is modified capitalization weighted and will be re-balanced quarterly. At the time of the quarterly rebalancing, the weight of each component will be set so that no component exceeds 10% of the total index. CBOE's Dow Jones Internet Commerce Options are cash-settled, European-style index options, with expirations of up to three near-term months plus up to three months on the March expiration cycle. LEAPS (Long-Term Equity AnticiPation Securities) with expirations up to three years in the future are also listed. Strike prices for options and LEAPS will be set to bracket the index level in increments of at least 21/2 points for strikes below 200 and 5 point increments above 200. The expiration date will be the Saturday following the third Friday of the expiration month, with the last trading day occurring two business days preceding the expiration date. The settlement value will be calculated based on the opening prices of the component securities on the business day prior to expiration. OTA Limited Partnership will be the Designated Primary Market Maker (DPM) in the options. CBOE, regulated by the Securities and Exchange Commission (SEC), is the pioneer of listed options and the world's largest options marketplace. For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at cboe.com . Next Previous | Previous | Next | Respond | View reply to this message View SubjectMarks Bookmark this Subject Discussion | People | MetaCrawler Subject Titles Only Full-Text This Subject Only Send questions and feedback to webmistress@techstocks.com Terms of Use