Printer Friendly

CBOE TO LIST LEAPS ON MICRON TECHNOLOGY

 CHICAGO, Oct. 1 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) on Monday, Oct. 4 will list LEAPS(R) (Long-term Equity AnticiPation Securities) on Micron Technology, Inc., bringing to a total of 53 the number of CBOE-listed equity LEAPS.
 Micron Technology LEAPS will have expirations in January 1995 (ticker symbol: VGY) and January 1996 (LGY), with both expirations having strike prices of 45, 60 and 75.
 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 August reached 1.72 million contracts (which represents 172 million shares of stock). Open interest in CBOE equity LEAPS on Aug. 31 stood at 559,360 contracts (which represents 55.9 million shares of stock).
 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 2000(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- 10/1/93
 /CONTACT: Bonnie Greenberg of CBOE, 312-786-7393/


CO: Micron Technology ST: Illinois IN: SU:

WB -- NY043 -- 7764 10/01/93 11:44 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 1, 1993
Words:257
Previous Article:DUFF & PHELPS: ORION CAPITAL CORPORATION SENIOR DEBT RATING UPGRADED TO 'BBB'
Next Article:CWMBS, INC., $376 MILLION MORTGAGE CERTIFICATES 1993-1 CLASS A RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:

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