AMEX TO BEGIN TRADING LEAPS ON BLOCKBUSTER ENTERTAINMENT CORP.
NEW YORK, Jan. 8 /PRNewswire/ -- The American Stock Exchange today said on Monday, January 11, it will introduce LEAPS(TM) (Long-term Equity AnticiPation Securities) on the underlying common stock of the largest video chain retailer in the U.S., Blockbuster Entertainment Corporation (ticker symbol: BV). Amex Blockbuster Entertainment LEAPS will have expirations in January 1994 (LEAPS symbol: WBV) and January 1995 (LEAPS symbol: VBV). WBV and VBV will open with strike prices of 15, 20 and 25. LEAPS are long-term options that allow investors to participate in upward or downward movements of a particular stock or index, having up to three years until expiration. The Amex already trades regular-term options on Blockbuster Entertainment. The Amex trades a total of 298 stock options, including 81 options on over-the-counter stocks, as well as 35 LEAPS. In addition, options are traded on six 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), the Japan Index (JPN) and the EUROTOP 100 Index (EUR) -- as well as four industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG) and The Biotechnology Index (BTK). -0- 1/8/93 /CONTACT: Kathleen Fitzpatrick Manager, Derivative Securities Communications 212/306-1697 (BV)
CO: Blockbuster Entertainment Corporation ST: Texas IN: ENT SU:
TS -- NY024 -- 3003 01/08/93 11:45 EST
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|Date:||Jan 8, 1993|
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