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AMEX BEGINS TRADING OPTIONS ON ARROW ELECTRONICS; DIAGNOSTEK; ENZON; LIPOSOME TECHNOLOGY; AND T CELL SCIENCES

AMEX BEGINS TRADING OPTIONS ON ARROW ELECTRONICS; DIAGNOSTEK; ENZON;
 LIPOSOME TECHNOLOGY; AND T CELL SCIENCES
 NEW YORK, Dec. 12 /PRNewswire/ -- The American Stock Exchange today began trading put and call options on the listed stocks of Arrow Electronics, Inc. (symbol: ARW), Diagnostek, Inc. (symbol: DXK) and the over-the-counter stocks


of Enzon, Inc. (options symbol: NZQ), Liposome Technology, Inc. (options symbol: LIQ) and T Cell Sciences (options symbol: ELQ).
 Based in Melville, N.Y., Arrow Electronics is the world's largest distributor of electronic components, systems and related products. ARW opened with strike prices of 10, 12-1/2 and 15, and position limits of 3,000 contracts. Initial expiration months are January, February, March and June of 1992. Weiskopf, Silver & Co. is the specialist unit for the new options.
 Diagnostek, Inc. is headquartered in Albuquerque, N.M., and is a diversified health care company that provides mail service prescription drugs and offers contractual pharmacy management services to hospitals and other institutions. DXK opened with strike prices of 20, 22-1/2 and 25, and position limits of 3,000 contracts. Initial expiration months are January, February, April and July of 1992. Bader, Paollilo, Newman & Co. is the specialist unit for the options.
 Based in South Plainfield, N.J., Enzon, Inc. is a development-stage company that conducts work on developing therapeutic agents for the treatment of severe diseases. NZQ opened with strike prices of 7-1/2, 10, and 12-1/2, with position limits of 3,000 contracts. Initial expiration months are January, February, April and July of 1992. Cohen, Cohn, Duffy & McGowan, Inc./Aegis & Co. is the specialist unit for the new options.
 Headquartered in Menlo Park, Calif., Liposome Technology, Inc. develops and produces liposomes and other lipid-based delivery systems for pharmaceutical applications. LIQ opened with strike prices of 12-1/2, 15, and 17-1/2, and position limits of 5,500 contracts. Initial expiration months are January, February, April and July of 1992. Miceli, Van Caneghan & Co., Inc. is the specialist unit for the new options.
 T Cell Sciences, Inc. is headquartered in Cambridge, Mass., and develops pharmaceutical products to treat heart disease, inflammatory and autoimmune diseases and cancer. ELQ opened with strike prices of 10, 12-1/2 and 15 and position limits of 3,000 contracts. Initial expiration months are January, February, May and August of 1992. AGS Specialist Partners is the specialist unit for the new options.
 The Amex trades a total of 259 stock options, including 72 options on over-the-counter stocks. In addition, options are traded on four broad market indexes -- the Major Market Index (XMI), the LT-20 Index (XLT), the Institutional Index (XII) and the Japan Index (JPN) -- as well as two industry-based indexes -- the Oil Index (XOI) and the Computer Technology Index (XCI). CAPS -- capped options -- are traded on XMI and XII as well. The exchange also trades 22 long-term options on leading stocks which have expirations up to almost three years.
 -0- 12/12/91
 /CONTACT: Shelly Wolfe, assistant director of the American Stock Exchange, 212-306-1641/ CO: American Stock Exchange ST: New York IN: FIN SU: FC -- NY087 -- 2113 12/12/91 16:30 EST
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Date:Dec 12, 1991
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