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AMEX TO OPEN OPTIONS TRADING ON STANDARD MICROSYSTEMS CORPORATION

 AMEX TO OPEN OPTIONS TRADING ON STANDARD MICROSYSTEMS CORPORATION
 NEW YORK, Sept. 28 /PRNewswire/ -- The American Stock Exchange today announced that it will open put and call options trading on Wednesday, Sept. 30, on the over-the-counter stock of Standard Microsystems Corporation (options symbol: OMQ).
 Standard Microsystems of Hauppauge, N.Y., primarily manufactures and markets standard as well as custom designed integrated circuits for PC LAN network systems and mass storage products. In October 1991, the company acquired Western Digital LAN business.
 OMQ will open with strike prices of 12 1/2, 15 and 17 1/2 and position limits of 3,000 contracts. Initial expiration months will be October and November of 1992 and February and May of 1993. Cranmer & Cranmer/Kalb Voorhis is the specialist unit for the new options.
 The Amex trades a total of 292 stock options, including 80 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- 9/28/92
 /CONTACT: Kathleen Fitzpatrick, manager, derivative securities communications of AMEX, 212-306-1697/
 (OMG) CO: Standard Microsystems Corporation; American Stock Exchange ST: New York IN: CPR SU:


KD -- NY048 -- 3994 09/28/92 13:21 EDT
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Publication:PR Newswire
Date:Sep 28, 1992
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