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AMEX TO OPEN OPTIONS TRADING ON PLAINS RESOURCES INC., ON AN AMEX-LISTED STOCK

          AMEX TO OPEN OPTIONS TRADING ON PLAINS RESOURCES INC.,
                         ON AN AMEX-LISTED STOCK
    NEW YORK, Feb. 21 /PRNewswire/ -- The American Stock Exchange will begin trading put and call options Tuesday, Feb. 25, on the Amex-listed stock of Plains Resources Inc. (AMEX: PLX).
    Headquartered in Houston, Plains Resources explores for and produces oil and natural gas within the United States.
    PLX will open with strike prices of 15, 17-1/2, and 20, and position limits of 5,500 contracts.  Initial expiration months will be March, April, July, and October of 1992.  Cohen, Cohn, Duffy & McGowan, Inc./Aegis & Co. will serve as the specialist unit for the new options.
    The Amex trades a total of 269 stock options, including 79 options on over-the-counter stocks.  In addition, options are traded on five broad-market indexes -- the Major Market Index (XMI), XMI LEAPS(TM) Index (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 27 LEAPS(TM) on leading stocks which have expirations up to almost three years.
    -0-                           2/21/92
    /CONTACT:  Shelly E. Wolfe of American Stock Exchange, 212-306-1641/
    (PLX) CO:  Plains Resources Inc. ST:  Texas IN:  OIL SU: AH -- NY046 -- 1440 02/21/92 14:26 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 21, 1992
Words:233
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