AMEX TO BEGIN TRADING OPTIONS ON WELLPOINT HEALTH NETWORKS INC.
NEW YORK, April 29 /PRNewswire/ -- The American Stock Exchange today announced that it will open put and call options trading on the listed stock of WellPoint Health Networks Inc. (options/ticker symbol: "WLP") on Wednesday, May 5. A newly formed subsidiary of Blue Cross of California, WellPoint Health Networks is the largest for-profit managed health care company in California, serving over two million members. Headquartered in Woodland Hills, the company houses several provider networks that have contractual relationships with primary care physicians, specialists, hospitals and ancillary providers. WLP will open with strike prices of 25, 30 and 35 and position limits of 5,500 contracts. Initial expiration months will be May, June, July and October of 1993. O'Connor & Associates will be the specialist unit for the new options. The Amex trades a total of 318 stock options, including 85 options on over-the-counter stocks, as well as 42 LEAPS(tm) (Long-term Equity AnticiPation Securities). 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 five industry based indexes-- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(tm) Index (DGL) and The Biotechnology Index (BTK). -0- 4/29/93 /CONTACT: Kathleen Fitzpatrick, manager, derivative securities communications of Amex, 212-306-1697/ (WLP)
CO: WellPoint Health Networks Inc. ST: California IN: HEA SU:
LR -- NY097 -- 2754 04/29/93 14:35 EDT
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|Date:||Apr 29, 1993|
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