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CBOE TO LIST LEAPS ON CISCO SYSTEMS

 CHICAGO, Aug. 20 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) on Monday, Aug. 23, will list LEAPS(R) (Long-term Equity AnticiPation Securities) on Cisco Systems, Inc., bringing to a total of 52 the number of CBOE-listed equity LEAPS.
 Cisco Systems LEAPS will have expirations in January 1995 (ticket symbol: VYC) and January 1996 (LCY), with both expirations having strike prices of 50, 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 stock 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- 8/20/93
 /CONTACT: Stan Lata, 312-786-7392, or Bonnie Greenberg, 312-786-7393, both of CBOE/


CO: Cisco Systems, Inc. ST: IN: SU:

PS -- NY026 -- 8676 08/20/93 11:53 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
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