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AMEX KICKS OFF OPTIONS TRADING ON ITS BIOTECHNOLOGY INDEX ("BTK")

AMEX KICKS OFF OPTIONS TRADING ON ITS BIOTECHNOLOGY INDEX ("BTK")
 NEW YORK, Oct. 9 /PRNewswire/ -- The American Stock Exchange today began trading put and call options on its Biotechnology Index, consisting of 15 stocks of the leading biotechnology companies (ticker symbol "BTK").
 Options on the BTK opened with strike prices of 125, 130, 135, 140 and 145. Initial expiration months are November and December of 1992 and January, April and July of 1993. Susquehanna Investment Group is the specialist unit for the new options.
 Designed to track the movements of the biotechnology industry as a whole, BTK consists of the following company stocks:
 Amgen Inc. Genzyme Corporation
 Biogen, Inc. Greenwich Pharmaceuticals Inc.
 Cambridge Biotech Corp. Immunex Corporation
 Centocor Inc. Liposome Company, Inc.
 Chiron Corporation Scios Nova Inc.
 Cytogen Corporation Synergen Inc.
 Enzon, Inc. XOMA Corporation
 Gensia Pharmaceuticals, Inc.
 At the start of today's trading, the Index level was at 136.74.
 The Amex trades a total of 292 stock options, including 80 options on over-the-counter stocks, as well as 33 LEAPS(tm) (Long-term Equity AnticiPation Securities). In addition, options are traded on five broad-market indexes-- the Major Market Index (XMI), the XMI LEAPS (tm) Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), and the Japan Index (JPN)-- as well as three industry based indexes--the Oil Index (XOI), the Computer Technology Index (XCI) and the Pharmaceutical Index (DRG). CAPS -- Capped Options -- are also traded on XII.
 -0- 10/9/92
 /CONTACT: Kathleen Fitzpatrick, Manager, Derivative Securities Communications of the American Stock Exchange, 212-306-1697/ CO: American Stock Exchange ST: IN: MTC SU: PDT


LR -- NY025 -- 8279 10/09/92 10:42 EDT
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Date:Oct 9, 1992
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