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PHLX TO BEGIN TRADING OPTIONS ON PAYCHEX, INC.

 PHILADELPHIA, April 20 /PRNewswire/ -- The Philadelphia Stock Exchange (PHLX) announced today it will begin trading put and call options on Paychex, Inc. upon the opening of business on Wednesday, April 21.
 The following table lists stock, symbol, position limits, and specialist unit for the new issue:
 STOCK SYMBOL POSITION LIMITS SPECIALIST
 Paychex, Inc. PQX/PAYX 3,000 O'Connor & Associates
 Options on Paychex, Inc. will trade on the March expiration cycle with guaranteed automatic execution (AUTO-X) of up to 10 contracts.
 The PHLX is the nation's oldest securities exchange and is a market leader in trading more than 2,200 stocks and more than 250 equity, index, and currency options.
 /delval/
 -0- 4/20/93
 /CONTACT: Lynda Lucker of the PHLX, 215-496-5200, or Ian Colley of the Weiser Walek Group, 212-684-4440, for the PHLX/


CO: Philadelphia Stock Exchange; Paychex, Inc. ST: Pennsylvania, New York IN: SU:

MJ-LJ -- PH016 -- 7921 04/20/93 10:24 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:154
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