Printer Friendly

CBOE FILES TO LIST OPTIONS ON GAMING, TELECOMMUNICATIONS INDICES

 CHICAGO, Oct. 27 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) today announced it has filed with the Securities and Exchange Commission (SEC) to trade options and LEAPS(R) (Long-term Equity AnticiPation Securities(R)) on the CBOE Gaming and the CBOE Telecommunications domestic stock indices.
 "Strong investor interest in gaming and telecommunications stocks has fostered a need for indices based on these sectors -- a need that is natural for CBOE, the world leader of index options, to fulfill," said CBOE Chairman Duke Chapman. "The CBOE Gaming and CBOE Telecommunications index options will provide investors with an opportunity to hedge stock holdings in these sectors or cost-effectively diversify a portfolio."
 The price-weighted CBOE Gaming and CBOE Telecommunications indices consist of 15 and 25 equities, respectively, which trade on the New York and American stock exchanges and the Nasdaq stock market.
 Call and put options on the sector indices will be based on an underlying value of $100 times the index level, are cash-settled and European-style exercise. Settlement will be based on the opening values of the indices' component securities on the business day preceding expiration.
 Trading hours for the sector indices will be 8:30 a.m. to 3:10 p.m. Chicago time.
 With the addition of the CBOE Gaming and Telecommunications indices, the exchange will list a total of 11 domestic sector indices. Currently, the exchange lists the CBOE BioTech (symbol: BGX), CBOE Environmental (EVX), CBOE Computer Software (CWX), S&P Banks (BIX), S&P Chemicals (CEX), S&P Health Care (HCX), S&P Insurance (IUX), S&P Retail (RLX), and S&P Transportation (TRX) indices.
 CBOE, which accounts for 93 percent of the U.S. index options market share, also lists options on the S&P 100 and S&P 500 stock indices; the Russell 2000(R) (the industry benchmark for small-capitalized stocks); options on the FT-SE 100 (the U.K. equity index benchmark); long- and short-term interest rates; and options on more than 490 equities.
 CBOE, regulated by the SEC, is the pioneer of listed options and the world's largest options marketplace.
 -0- 10/27/93
 /CONTACT: Stan Lata, 312-786-7392, or Bonnie Greenberg, 312-786-7393, both of CBOE/


CO: Chicago Board Options Exchange ST: Illinois IN: SU:

MP -- NY075 -- 7306 10/27/93 12:39 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 27, 1993
Words:377
Previous Article:PETROFINA 'F-1' U.S. & EURO COMMERCIAL PAPER PROGRAMS AFFIRMED BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:BELL ATLANTIC HELPS CONSUMERS 'OUTFOX' PHONE FRAUD
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters