AMEX OPENS LEAPS TRADING ON RJR NABISCO HOLDINGS
AMEX OPENS LEAPS TRADING ON RJR NABISCO HOLDINGS NEW YORK, Jan. 27 /PRNewswire/ -- The American Stock Exchange today
opened trading in LEAPS(TM) -- Long-Term Equity Anticipation Securities -- on RJR Nabisco Holdings Corporation. 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.
RJR LEAPS opened with January 1993 and January 1994 expirations, and are trading under the symbols ZRJ and WRJ respectively. Initial strike prices are set at 7-1/2, 10 and 12-1/2 for both series. AGS Specialist Partners is the specialist unit for the new LEAPS. The AMEX trades a total of 262 stock options, including 74 options on over-the-counter stocks. In addition, options are traded on four broad market indexes -- the Major Market Index (XMI), XMI LEAPS(SM) (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 27 LEAPS(TM) on leading stocks which have expirations up to almost three years. -0- 1/27/92 /CONTACT: Shelly Wolfe of AMEX, 212-306-1641/ CO: RJR Nabisco Holdings Corporation ST: Georgia IN: SU: SH -- NY086 -- 3853 01/27/92 15:06 EST
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|Date:||Jan 27, 1992|
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