AMEX BEGINS TRADING OPTIONS ON BRADLEES, INC. AND MID ATLANTIC MEDICAL SERVICES, INC.
AMEX BEGINS TRADING OPTIONS ON BRADLEES, INC. AND MID ATLANTIC MEDICAL SERVICES, INC. NEW YORK, Oct. 12 /PRNewswire/ -- The American Stock Exchange today began trading put and call options on the listed stock of retail giant Bradlees, Inc. (symbol: BLE) and the over-the-counter stock of Mid Atlantic Medical Services, Inc. (options symbol: MQQ). Bradlees, headquartered in Braintree, Mass., is a leading discount department store retailer throughout the Northeast. Mid Atlantic Medical of Rockville, Md., is a holding company that owns and operates healthcare facilities through its subsidiaries in Maryland, Washington D.C. and Virginia. The company's holdings include two health maintenance organizations (HMOs), two preferred provider organizations (PPOs) and a network of managed care firms. BLE opened with strike prices of 12-1/2, 15 and 17-1/2 and position limits of 3,000 contracts. Initial expiration months are November and December of 1992 and February and May of 1993. O'Connor & Associates is the specialist unit for the new options. MQQ opened with strike prices of 15, 17-1/2 and 20 and position limits of 3,000 contracts. Initial expiration months are November and December of 1992 and March and June of 1993. AGS Specialist Partners is the specialist unit for the new options. The Amex trades a total of 294 stock options, including 81 options on over-the-counter stocks, as well as 33 LEAPS(TM) (Long-term Equity AnticiPation Securities). In addition, options are traded on five broad-market indexes-- the Major Market Index (XMI), the XMI LEAPS Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), and the Japan Index (JPN) -- as well as four industry-based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG) and the Biotechnology Index (BTK). -0- 10/12/92 /CONTACT: Kathleen Fitzpatrick, manager-derivative securities communications, American Stock Exchange, 212-306-1697/ CO: Bradlees, Inc.; Mid Atlantic Medical Services, Inc. ST: Massachusetts, Maryland IN: REA HEA SU:
CK-OS -- NY040 -- 8844 10/12/92 12:06 EDT
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|Date:||Oct 12, 1992|
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