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To: Jorj X Mckie who wrote (14691)2/25/1999 8:19:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 34817
 
XXXXXXXXXXXXXX

NDX looks ok to me<g>... after two low poles and the rally up..it's down over 50%...looks great!!!!!



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.

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