AMEX BEGINS TRADING OPTIONS ON SINGER STOCK
AMEX BEGINS TRADING OPTIONS ON SINGER STOCK NEW YORK, Nov. 11 /PRNewswire/ -- American Stock Exchange today said
that it opened put and call options on the listed stock of the Singer Company N.V. (AMEX: SEW).
The Singer Corporation is the world's leading manufacturer and marketer of sewing machines. A Netherlands Antilles corporation, Singer also markets other consumer durable products including electronic equipment (television sets, VCRs, and stereo compact disc players) and home appliances (refrigerators, gas ranges and dishwashers), which are distributed under the Singer trademark. SEW opened with strike prices of 15, 17-1/2, and 20, and position limits of 5,500 contracts. Expiration months are December 1991 and January, April and July of 1992. Cohen, Cohn, Duffy & McGowan, Inc. is the specialist unit for the new options. The Amex trades a total of 248 stock options, including 64 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). The exchange also trades 22 long-term options on leading stocks which have expirations up to almost three years. -0- 11/11/91 CONTACT: Shelly E. Wolfe of Singer, 212-306-1641/ CO: Singer Corporation; Singer Company N.V. ST: IN: HOU SU: SM -- NY058 -- 3114 11/11/91 15:11 EST
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|Date:||Nov 11, 1991|
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