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AMEX OPENS OPTIONS TRADING ON PRAXAIR, INC., A FORMER SUBSIDIARY OF UNION CARBIDE

 AMEX OPENS OPTIONS TRADING ON PRAXAIR, INC.,
 A FORMER SUBSIDIARY OF UNION CARBIDE
 NEW YORK, July 6 /PRNewswire/ -- The American Stock Exchange today began trading put and call options on Praxair, Inc. (symbol: PX), a former subsidiary of Union Carbide Corporation.
 Praxair, Inc. was Union Carbide's industrial gas unit. The spinoff of Praxair followed a recent restructuring by the plastic and chemicals giant.
 PX opened with strike prices of 15, 17 1/2, and 20 and position limits of 8,000 contracts. Initial expiration months are July, August, and October of 1992 and January of 1993. AGS Specialist Partners is the specialist unit for the new options.
 The Amex trades a total of 280 stock options, including 76 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- 7/6/92
 /CONTACT: Kathleen Fitzpatrick of AMEX, 212-306-1697/
 (PX) CO: Praxair Inc. ST: IN: OIL SU:


KD -- NY031 -- 6614 07/06/92 12:18 EDT
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Publication:PR Newswire
Date:Jul 6, 1992
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