AMEX OPENS LEAPS TRADING IN BELLSOUTH, COLUMBIA GAS SYSTEM, US WEST, AND WELLS FARGO & CO.
AMEX OPENS LEAPS TRADING IN BELLSOUTH, COLUMBIA GAS SYSTEM, US WEST, AND WELLS FARGO & CO. NEW YORK, April 10 /PRNewswire/ -- The American Stock Exchange today began trading LEAPS(TM) -- Long-Term Equity Anticipation Securities -- on Bellsouth Corporation, the Columbia Gas System, Inc., US WEST, Inc. and Wells Fargo & Company. All four issues have January 1994 expirations. LEAPS have longer-term expirations than regular-term options, providing investors with opportunities to seek profit or protection from broad stock market movements on a long-term basis. Bellsouth Corporation opened with strike prices of 35, 45, and 55, and is trading under the symbol "WBL." The Columbia Gas System, Inc. opened with strike prices of 12-1/2, 15, 20, and is trading under the symbol "WC." US WEST, Inc. opened with strike prices of 30, 35 and 40, and is trading under the symbol "WSW." Wells Fargo & Company opened with strike prices of 55, 70 and 85, and is trading under the symbol "WWF." The Amex trades a total of 277 stock options, including 81 options on over-the-counter stocks. In addition, options are traded on five broad market indexes -- the Major Market Index (XMI), XMI LEAPS (XLT), S&P MidCap 400 Index (MID), 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 33 LEAPS on leading stocks which have expirations up to almost three years. -0- 4/10/92 /CONTACT: Shelly E. Wolfe of the American Stock Exchange, 212-306-1633/ CO: Bellsouth Corp.; Columbia Gas System Inc.; US WEST Inc.; Wells Fargo & Company ST: Georgia, Delaware, California IN: SU:
CK -- NY034 -- 7222 04/10/92 12:14 EDT
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|Date:||Apr 10, 1992|
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