CBOE TO LIST LEAPS(TM) ON RJR NABISCO
CBOE TO LIST LEAPS(TM) ON RJR NABISCO CHICAGO, Jan. 22 /PRNewswire/ -- The Chicago Board Options Exchange
(CBOE) on Monday, Jan. 27, will list LEAPS(TM) (Long-term Equity AnticiPation Securities) on RJR Nabisco Holdings Corp. (ticker symbol: RN). This will be in addition to the seven LEAPS previously announced to start trading on Jan. 27.
CBOE will list puts and calls at three strike prices with expirations in January 1993 and January 1994. The strikes will be at-the-money and approximately 20 percent above and below the current stock prices. Previously, CBOE announced it will list on Jan. 27 LEAPS on Centocor, Inc. (COQ); The Gap, Inc. (GPS); H.J. Heinz Co. (HNZ); The Limited, Inc. (LTD); Liz Claiborne, Inc. (LIZ); UAL Corp. (UAL); and Xerox Corp. (XRX). The additional LEAPS will bring to 33 the total number of equities on which the exchange trades long-term options. 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. In addition, CBOE lists long-term index options on the S&P 100 stock index (OEX LEAPS) and the S&P 500 stock index (SPX LEAPS). CBOE, regulated by the Securities and Exchange Commission, is the pioneer of listed options and the world's largest options marketplace. -0- 1/22/92 /CONTACT: Stan A. Lata, 312-786-7392, or Bonnie Greenberg, 312-786-7393, both of CBOE/ (RN) CO: Chicago Board Options Exchange; RJR Nabisco Holdings Corp. ST: Illinois IN: FOD SU: PDT SM -- NY095 -- 2480 01/22/92 16:41 EST
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|Date:||Jan 22, 1992|
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