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AMEX TO OPEN OPTIONS TRADING ON AMERICAN GREETINGS CORPORATION AND PYXIS CORPORATION

 NEW YORK, Jan. 8 /PRNewswire/ -- The American Stock Exchange today announced on Monday, January 11, it will open put and call options trading on the underlying Class A over-the-counter stock of American Greetings Corporation (options symbol: AGQ) and on Wednesday, January 13, it will open options trading on the underlying over-the-counter stock of Pyxis Corporation (option symbol: PXQ).
 American Greetings, of Cleveland, is one of the largest manufacturers of greeting cards and among the four largest producers of gift wrappings in the U.S. and Canada. The company also licenses characters for product marketing as well as operates several smaller business units.
 AGQ will open with strike prices of 40, 45 and 50 and position limits of 5,500 contracts. Initial expiration months will be February, March, June and September of 1993. O'Connor & Associates is the specialist unit for the new options.
 Headquartered in San Diego, Pyxis Corporation designs, manufactures, markets, and services systems that automate distribution of hospital medications and supplies. The company's products are designed to facilitate hospitals in reducing inventory waste and shrinkage and providing accurate billing information.
 PXQ will open with strike prices of 30, 35 and 40 and position limits of 5,500 contracts. Initial expiration months will be February, March, April and July of 1993. BPN & Co. is the specialist unit for the new options.
 The Amex trades a total of 298 stock options, including 81 options on over-the-counter stocks, as well as 34 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 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 of the American Stock Exchange, 212-306-1697/
 (AGQ PXQ)


CO: American Greetings Corporation; Pyxis Corporation ST: Ohio, California IN: HEA SU:

TS -- NY047 -- 3101 01/08/93 14:58 EST
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Publication:PR Newswire
Date:Jan 8, 1993
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