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AMEX LISTS FOUR NEW OPTIONS ON DOMESTIC AND CANADIAN OTC STOCKS

 AMEX LISTS FOUR NEW OPTIONS ON DOMESTIC AND CANADIAN OTC STOCKS
 NEW YORK, Nov. 20 /PRNewswire/ -- The American Stock Exchange today opened put and call options trading on the over-the-counter stocks of Calgene, Inc. (options ticker symbol: KGQ); Clearly Canadian Beverage Corporation (options ticker symbol: CKQ); and Deprenyl Research Limited (options ticker symbol: DEQ). Trading will open tomorrow on the OTC stock of Alliance Pharmaceutical Corporation (options ticker symbol: AYQ).
 Headquartered in Davis, Calif., Calgene is a leader in the application of recombinant-DNA technology to develop new value-added plant products and agronomically superior seeds. KCQ opened with strike prices of 7-1/2, 10 and 12-1/2 and position limits of 5,500 contracts. Initial expiration months are December of 1991 and January, April and July of 1992. Specialist unit for the new options is Miceli, Van Caneghan & Co., Inc.
 Clearly Canadian Beverage, a Vancouver company, bottles and distributes a sparkling mineral water and has a distribution network in 48 states in the U.S. as well as Canada, Japan and England. CKQ opened with strike prices of 12-1/2, 15 and 17-1/2 and position limits of 8,000 contracts. The options have initial expirations in December of 1991 and January, February, and May of 1992. AGS Specialist Partners is the specialist unit for CKQ.
 Deprenyl is located in Toronto and was formed in early 1988 to sell
pharmaceutical products in Canada. In 1990, it received approval for its first product, Eldepryl, for use in the treatment of Parkinson's disease. DEQ's opening strike prices were 12-1/2, 15 and 17-1/2. The options have position limits of 5,500 contracts and initial expiration months of December of 1991 and January, February and May of 1992. Cohen, Cohn, Duffy & McGowan, Inc. is the specialist unit.
 Headquartered in San Diego, Calif., Alliance Pharmaceutical is involved in the development, manufacture and early-stage marketing of medical and pharmaceutical products. The options are scheduled to open with strike prices of 22-1/2, 25 and 30 and position limits of 3,000 contracts. Initial expiration months are December of 1991 and January, February and May of 1992. Bear, Stearns & Co., Inc. is the specialist unit for the options.
 The Amex trades a total of 252 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- 11/20/91
 /CONTACT: Sarah Luke of American Stock Exchange, 212-306-1650/ CO: American Stock Exchange ST: New York IN: SU:


KD-SH -- NY074 -- 5556 11/20/91 16:07 EST
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Publication:PR Newswire
Date:Nov 20, 1991
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