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AMEX TO TRADE OPTIONS ON SPECTRUM INFORMATION TECHNOLOGIES, INC., ON DEC 8

 NEW YORK, Dec. 1 /PRNewswire/ -- The American Stock Exchange today announced that it will open options trading on the over-the-counter stock of Spectrum Information Technologies, Inc. (stock/option symbol: SPCL/SQL) on Wednesday, Dec. 8, 1993.
 Through its subsidiaries, Spectrum Information Technologies of Dallas, develops and licenses wireless data transmission technology, and designs and sells modems and related core data communications products. The company's technology utilizes an error-correction protocol that allows for error-free transmission of electronic data between two computers over a cellular phone.
 SQL will open with strike prices of 7-1/2, 10 and 12-1/2, and position limits of 8,000 contracts. Initial expiration months will be January, February, March and June of 1994. AGS Specialist Partners will be the specialist unit for the new options.
 The Amex trades a total of 358 stock options, including 100 options on over-the-counter stocks, as well as 44 LEAPS(R). In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P Midcap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR) and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry-based indices -- the Oil Index (XOI), the Computer Technology Index (XCI), The Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), The Biotechnology Index (BTK), the BTK LEAPS(R) Index (BKL), and The North American Telecommunications Index (XTC).
 -0- 12/1/93
 /CONTACT: Kathleen Fitzpatrick, manager, derivative securities communications of the American Stock Exchange, 212-306-1697/


CO: Spectrum Information Technologies ST: Texas IN: CPR SU:

TW -- NY070 -- 9276 12/01/93 12:23 EST
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Publication:PR Newswire
Date:Dec 1, 1993
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