AMEX BEGINS TRADING OPTIONS ON MEDCO RESEARCH STOCK
AMEX BEGINS TRADING OPTIONS ON MEDCO RESEARCH STOCK NEW YORK, Nov. 26 /PRNewswire/ -- The American Stock Exchange today
opened put and call options trading in the listed stock of Medco Research, Inc. (ticker symbol: MRE).
Headquartered in Los Angeles, Medco Research develops new prescription drugs used primarily in the treatment and diagnosis of cardiovascular diseases. MRE opened with strike prices of 20, 22 1/2, and 25, and position limits of 3,000 contracts. Initial expiration months are December of 1991 and January, April, and July of 1992. Cohen, Cohn, Duffy & McGowan, Inc./Aegis & Co. is the specialist unit for the new options. The Amex trades a total of 253 stock options, including 68 options on over-the-counter stocks. In addition, options are traded on four broad market indexes -- the Major Market Index (XMI), the LT-20 Index (XLT), the Institutional Index (XII) and the Japan Index (JPN) -- as well as two industry-based indexes -- the Oil Index (XOI) and the Computer Technology Index (XCI). CAPS -- capped options -- are traded on XMI and XII as well. The exchange also trades 22 long-term options on leading stocks which have expirations up to almost three years. -0- 11/26/91 /CONTACT: Shelly Wolfe of Amex, 212-306-1641/ (MRE) CO: Medco Research, Inc. ST: California IN: MTC SU: KD -- NY055 -- 7340 11/26/91 13:31 EST
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|Date:||Nov 26, 1991|
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