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AMEX OPENS OPTIONS TRADING ON JOHN NUVEEN COMPANY

 AMEX OPENS OPTIONS TRADING ON JOHN NUVEEN COMPANY
 NEW YORK, Aug. 25 /PRNewswire/ -- The American Stock Exchange today


opened put and call options on the Class A listed stock of John Nuveen Company (ticker symbol: JNC).
 John Nuveen Company of Chicago, sponsors, markets and manages tax- free investment products for individual investors and also specializes in municipal finance. As of 1992, the company had sponsored more than 100 tax-free investment products, including unit investment trusts, short-term money market funds, long-term mutual funds and closed-end bond funds that issue common and preferred stock.
 JNC opened with strike prices of 20, 22-1/2 and 25 and position limits of 3,000 contracts. Initial expiration months are September and October of 1992, and January and April of 1993. Kalb, Voorhis & Company is the specialist unit for the new options.
 The Amex trades a total of 289 stock options, including 79 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 three industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI) and the Pharmaceutical Index (DRG). CAPS-- Capped Options -- are also traded on XII.
 -0- 8/25/92
 /CONTACT: Kathleen Fitzpatrick of the American Stock Exchange, 212-306-1697/
 (JNC) CO: John Nuveen Company ST: Illinois IN: FIN SU:


TS -- NY016 -- 2909 08/25/92 09:13 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
Words:258
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