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CBOE TO LIST LEAPS ON BELL ATLANTIC, BEST BUY CO., MCI COMMUNICATIONS ON DEC. 6

 CHICAGO, Dec. 1 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) on Monday, Dec. 6, will list LEAPS(R) (Long-term Equity AnticiPation Securities) on Bell Atlantic Corp. (ticker symbol BEL), Best Buy Co., Inc. (BBY), and MCI Communications Corp. (MCIC). With the addition of LEAPS on these three equities, CBOE will list a total of 58 equity LEAPS.
 Bell Atlantic LEAPS will have expirations in January 1995 (ticker symbol VBU) and January 1996 (LEU), with both expirations having strike prices of 50, 60 and 70.
 Best Buy LEAPS will have expirations in January 1995 (VBY) and January 1996 (LBS), with both expirations having strike prices of 40, 50 and 60.
 MCI Communications LEAPS will have expirations in January 1995 (VTU) and January 1996 (LTU), with both expirations having strike prices of 20, 25 and 30.
 Equity LEAPS trade in units of 100 shares of stock per contract, are American-style exercise and settle in stock. Trading hours are 8:30 a.m. to 3:10 p.m. Chicago time, the same as other CBOE-listed equity options.
 Total year-to-date equity LEAPS volume through the end of October reached 2.04 million contracts (which represents 204 million shares of stock). Due to record-setting trading this year, year-to-date equity LEAPS volume has already surpassed last year's total volume by nearly 32 percent.
 LEAPS were developed and launched by the CBOE in October 1990.
 CBOE also lists long-term index options: OEX LEAPS and SPX LEAPS, based on 1/10th the value of the S&P 100 and S&P 500 stock indexes, respectively; and Russell 200(R) LEAPS and CBOE BioTech LEAPS, also based on 1/10th the value of their respective underlying indexes.
 CBOE, regulated by the Securities and Exchange Commission (SEC), is the pioneer of listed options and the world's largest options marketplace.
 -0- 12/1/93
 /CONTACT: Stan Lata, 312-786-7392, or Bonnie Greenberg, 312-786-7393, both of CBOE.
 (BEL MCIC)


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

WB -- NY115 -- 9501 12/01/93 17:23 EST
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Publication:PR Newswire
Date:Dec 1, 1993
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