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AMEX TO OPEN OPTIONS TRADING ON NEW LINE CINEMA

 NEW YORK, March 18 /PRNewswire/ -- The American Stock Exchange today announced that on Friday, March 19, it will open put and call options trading on the AMEX-listed stock of New Line Cinema Corporation (ticker symbol: NLN).
 Based in New York City, New Line Cinema is a leading independent producer and distributor of low-budget motion pictures targeted to the youth market. The company also licenses films for home video, free and pay T.V., non-theatrical and foreign theatrical markets and is engaged in the television production business. Recent movie hits include "Teenage Mutant Ninja Turtles" and "A Nightmare on Elm Street."
 NLN will open with strike prices of 12-1/2, 15 and 17-1/2 and position limits of 3,000 contracts. Initial expiration months will be April, May, August and November of 1993. Spear, Leeds & Kellogg will be the specialist unit for the new options.
 The AMEX trades a total of 307 stock options, including 86 options on over-the-counter stocks, as well as 42 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 four industry based indexes-- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG) and The Biotechnology Index (BTK).
 -0- 3/18/93
 /CONTACT: Kathleen Fitzpatrick, manager, Derivative Securities Communications of AMEX, 212-306-1697/
 (NLN)


CO: New Line Cinema Corporation ST: New York IN: ENT SU:

WB -- NY047 -- 7523 03/18/93 12:42 EST
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Publication:PR Newswire
Date:Mar 18, 1993
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