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AMEX TO BEGIN TRADING OPTIONS ON ALLEGHENY LUDLUM CORPORATION

 NEW YORK, Aug. 3 /PRNewswire/ -- The American Stock Exchange today said it will open put and call options trading on the listed stock of Allegheny Ludlum Corporation (stock/option symbol: ALS) on Friday, Aug. 6, 1993.
 Headquartered in Pittsburgh, Allegheny Ludlum is one of the largest domestic producers of stainless steel as well as a leading manufacturer of specialty steel and metals, such as silicon electrical steel and other specialty steel alloys.
 ALS will open with strike prices of 17-1/2, 20 and 22-1/2, and position limits of 5,500 contracts. Initial expiration months will be August, September and October of 1993 and January of 1994.
 The Amex trades a total of 338 stock options, including 93 options on over-the-counter stocks, as well as 43 LEAPS(TM) (Long-term Equity AnticiPation Securities). In addition, options are traded on six 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), the Japan Index (JPN) and the EUROTOP 100 Index (EUR) -- as well as six industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(TM) Index (DGL), The Biotechnology Index (BTK), and the BTK LEAPS(TM) Index (BKL).
 -0- 8/3/93
 /CONTACT: Kathleen Fitzpatrick, manager, derivative securities communications of the American Stock Exchange, 212-306-1697/
 (ALS)


CO: Allegheny Ludlum Corporation ST: Pennsylvania IN: MNG SU:

TS -- NY030 -- 8790 08/03/93 10:04 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:247
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