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AMEX OPENS OPTIONS TRADING ON SPI PHARMACEUTICALS

 AMEX OPENS OPTIONS TRADING ON SPI PHARMACEUTICALS
 NEW YORK, April 24 /PRNewswire/ -- The American Stock Exchange today


opened put-and-call options on the listed stock of SPI Pharmaceuticals, Inc. (AMEX: SPI).
 Headquartered in Costa Mesa, Calif., SPI Pharmaceuticals manufactures, produces, distributes and sells pharmaceutical and nutritional products, and offers related services primarily in the United States, Mexico, Canada and Europe.
 SPI opened with strike prices of 22 1/2, 25 and 30, and position limits of 3,000 contracts. Initial expiration months are May, June, September and December of 1992. Cohen, Cohn, Duffy & McGowan, Inc./Aegis & Co. is the specialist unit for the new options.
 The Amex trades a total of 278 stock options, including 81 options on over-the-counter stocks. In addition, options are traded on five broad market indexes -- the Major Market Index (XMI), XMI LEAPS(TM) (XLT), S&P MidCap 400 Index (MID), 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 33 LEAPS (TM) on leading stocks which have expirations up to almost three years.
 -0- 4/24/92
 /CONTACT: Shelly Wolfe of Amex, 212-306-1641/ CO: SPI Pharmaceuticals Inc. ST: California IN: MTC SU:


TQ -- NY079 -- 2585 04/24/92 15:13 EDT
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Date:Apr 24, 1992
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