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PHLX TO BEGIN TRADING OPTIONS ON SBARRO

 PHLX TO BEGIN TRADING OPTIONS ON SBARRO
 PHILADELPHIA, June 9 /PRNewswire/ -- The Philadelphia Stock Exchange


(PHLX) today announced that it will begin trading put and call options on Sbarro, Inc. (SBA) upon the opening of business today.
 The specialist unit for Sbarro, Inc. is Spear, Leeds & Kellogg. SBA options will trade on the March expiration cycle with position limits of 3,000 contracts. Initial strike prices have been set at 20, 22-1/2 and 25.
 The PHLX is the nation's oldest securities exchange and is a market leader in the trading of stocks and options. Founded in 1790, PHLX originated trading in foreign currency options and today is the world's largest exchange-traded market for these options.
 -0- 6/9/92
 /CONTACT: Lynda Lucker of PHLX, 215-496-5200; or Ian Colley of the Weiser Walek Group, 212-684-4440, for PHLX/ CO: Sbarro, Inc. ST: New York IN: LEI SU:


GK-TS -- NY014 -- 8249 06/09/92 09:22 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 9, 1992
Words:155
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