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AMEX OPENS OPTIONS TRADING ON CHECKERS DRIVE-IN RESTAURANTS

 AMEX OPENS OPTIONS TRADING ON CHECKERS DRIVE-IN RESTAURANTS
 NEW YORK, May 28 /PRNewswire/ -- The American Stock Exchange today said that on Monday, June 1, it will open put and call options on the over-the-counter stock of Checkers Drive-In Restaurants, Inc. (symbol: CRQ).
 Headquartered in Clearwater, Fla., Checkers Drive-In develops, operates and franchises 1950's-style hamburger restaurants that feature a two-way drive-thru.
 CRQ will open with strike prices of 22 1/2, 25 and 30, and position limits of 5,500 contracts. Initial expiration months will be June, July, August and November of 1992. Miceli, Van Caneghan & Co. is the specialist unit for the new options.
 The Amex trades a total of 280 stock options, including 83 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 (TM) Index (XLT), the 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.
 -0- 5/28/92
 /CONTACT: Kathleen Fitzpatrick of AMEX, 212-306-1697/ CO: Checkers Drive-In Restaurants Inc. ST: Florida IN: LEI SU:


TS -- NY059 -- 4771 05/28/92 12:55 EDT
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Publication:PR Newswire
Date:May 28, 1992
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