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AMEX TO OPEN OPTIONS TRADING ON ROYAL APPLIANCE MANUFACTURING COMPANY

 AMEX TO OPEN OPTIONS TRADING ON ROYAL APPLIANCE MANUFACTURING COMPANY
 NEW YORK, July 20 /PRNewswire/ -- The American Stock Exchange today said it will open put and call options trading on Monday, July 27, on the listed stock of Royal Appliance Manufacturing Company (symbol: RAM).
 Headquartered in Cleveland, Royal Appliance develops, assembles and markets a full line of vacuum cleaners for home and commercial use under the Dirt Devil and Royal brand names. Dirt Devil is the nation's largest selling line of corded hand-held vacuum cleaners.
 RAM will open with strike prices of 17-1/2, 20, and 22-1/2 and position limits of 8,000 contracts. Initial expiration months will be August, September and December of 1992 and March of 1993. AGS Specialist Partners is the specialist unit for the new options.
 The Amex trades a total of 283 stock options, including 77 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- 7/20/92
 /CONTACT: Kathleen Fitzpatrick of the American Stock Exchange, 212-306-1697/ CO: Royal Appliance Manufacturing Company ST: Ohio IN: HOU SU:


TS -- NY037 -- 0682 07/20/92 11:11 EDT
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Publication:PR Newswire
Date:Jul 20, 1992
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