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AMEX'S JAPAN INDEX OPTIONS REACH NEARLY 7,000 CONTRACTS BY 1:30 P.M. WITH NEWS OF NIKKEI'S SIX POINT DROP OVERNIGHT; VOLUME CONTINUES TO GROW

AMEX'S JAPAN INDEX OPTIONS REACH NEARLY 7,000 CONTRACTS BY 1:30 P.M. WITH NEWS OF NIKKEI'S SIX POINT DROP OVERNIGHT; VOLUME CONTINUES TO GROW
 NEW YORK, Aug. 18 /PRNewswire/ -- The American Stock Exchange's Japan Index options (ticker symbol: JPN) volume reached nearly 7,000 contracts by 1:30 p.m. today. The increased volume level reflects a six point drop in the Nikkei Stock Average overnight.
 At 1:30 p.m. JPN calls totaled 2,998 contracts, and puts totaled 3,980 contracts. Open interest exceeds 40,000 contracts.
 Developed by the Amex in 1990, the Japan Index tracks the performance of 210 of the leading highly capitalized stocks traded on the Tokoyo Stock Exchange. The Index has a 99 percent correlation with the Nikkei Stock Average.
 -0- 8/18/92
 /CONTACT; Kathleen Fitzpatrick, 212-306-1697, or Shelley Wolfe, 212-306-1641 of Amex/ CO: American Stock Exchange ST: IN: SU:


DC -- NY052 -- 1007 08/18/92 13:56 EDT
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Publication:PR Newswire
Date:Aug 18, 1992
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