AMEX TO OPEN OPTIONS TRADING ON SNAPPLE BEVERAGE CORP.
NEW YORK, June 14 /PRNewswire/ -- The American Stock Exchange today said it will open options trading on the over-the-counter stock of Snapple Beverage Corp. (options symbol: "SQP") on Monday, June 21. Headquartered in Westbury, N.Y., Snapple Beverage Corp. produces and markets a variety of natural beverage products including real brewed iced teas, fruit drinks, natural sodas and seltzers, fruit juices and sport drinks. SQP will open with strike prices of 30, 35 and 40 and position limits of 8,000 contracts. Initial expiration months will be July, August, September and December of 1993. Weiskopf, Silver & Co. will be the specialist unit for the new options. The Amex trades a total of 330 stock options, including 88 options on over-the-counter stocks, as well as 43 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 six industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(TM) Index (DGL), the Biotechnology Index (BTK), and the BTK LEAPS(TM) Index (BKL). -0- 6/14/93 /CONTACT: Kathleen Fitzpatrick, manager - derivative securities communications of the Amex, 212-306-1697/ (SQP)
CO: Snapple Beverage Corp. ST: New York IN: FOD SU:
GK -- NY102 -- 1805 06/14/93 16:45 EDT
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|Date:||Jun 14, 1993|
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