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CBOE ON AUG. 17 TO LIST THREE ADDITIONAL EQUITY LEAPS: ATLANTIC RICHFIELD, BORLAND INTERNATIONAL, INTERNATIONAL PAPER

 CHICAGO, Aug. 16 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) on Tuesday, Aug. 17 will list LEAPS(R) (Long-term Equity AnticiPation Securities) on Atlantic Richfield Co.; Borland International, Inc.; and International Paper Co. With the addition of these LEAPS, CBOE will list a total of 51 LEAPS on highly capitalized, actively traded equities.
 Atlantic Richfield LEAPS will have expirations in January 1995 (ticker symbol: VFR) and January 1996 (LFR), with both expirations having strike prices of 100, 115 and 130.
 Borland International will have expirations in January 1995 (VOB) and January 1996 (LOB), with both expirations having strike prices of 15, 20 and 25.
 International Paper will have expirations in January 1995 (VNP) and January 1996 (LNP), with both expirations having strike prices of 55, 60 and 70.
 Equity LEAPS trade in units of 100 shares of stock per contract, are American-style exercise and settle in stock. Trading hours are 8:30 a.m. to 3:10 p.m. Chicago time, the same as other CBOE-listed equity options.
 Open interest in equity LEAPS has increased dramatically since the product was developed and launched by CBOE in October 1990. At the end of July 1993, open interest in CBOE equity LEAPS stood at 502,980 contracts (which represents 50.3 million shares of stock).
 CBOE also lists long-term index options: OEX LEAPS and SPX LEAPS, based on 1/10th the value of the S&P 100 and S&P 500 stock indexes, respectively; and Russell 2000(R) LEAPS and CBOE BioTech LEAPS, also based on 1/10th the value of their respective underlying indexes.
 CBOE, regulated by the Securities and Exchange Commission (SEC), is the pioneer of listed options and the world's largest options marketplace.
 -0- 8/16/93
 /CONTACT: Stan Lata, 312-786-7392 or Bonnie Greenberg, 312-786-7393, both of the Chicago Board Options Exchange/


CO: Chicago Board Options Exchange ST: Illinois IN: FIN SU:

TS -- NY068 -- 3091 08/16/93 12:39 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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