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Pacific Exchange to Trade Seven New Options.

SAN FRANCISCO, Aug. 12 /PRNewswire/ -- The Pacific Exchange (PCX) has announced that, on Tuesday, August 17, 1999, it will begin trading options on CTC Communications Corp. (Nasdaq: CPTL; PCX: CUU), DSET Corporation (Nasdaq: DSET; PCX: DQV), Priority Healthcare Corporation (Nasdaq: PHCC; PCX: UHP), Rostelecom (NYSE: ROS), Seacoast Financial Services Corporation (Nasdaq: SCFS; PCX: SKQ), Varian Inc. (Nasdaq: VARI; PCX: IUA), and Varian Semiconductor Equipment Associates, Inc. (Nasdaq: VSEA; PCX: UES).

CTC Communications Corp. options will trade on the February expiration cycle. It will open with strike prices of 15, 17 1/2, and 20, and will be available for the months of September, October, November, and February. Position and exercise limits have been set at 13,500 contracts. CUU options have been allocated to lead market maker John Brown of M.J.T. Securities, LLC, who assures that the disseminated market quote is firm for 20 contracts.

DSET Corporation options will trade on the March expiration cycle. It will open with strike prices of 7 1/2, 10, and 12 1/2, and will be available for the months of September, October, December, and March. Position and exercise limits have been set at 13,500 contracts. DQV options have been allocated to lead market maker Brian Geary of D.A. Davidson & Company, who assures that the disseminated market quote is firm for 20 contracts.

Priority Healthcare Corporation options will trade on the January expiration cycle. It will open with strike prices of 25, 30, and 35, and will be available for the months of September, October, January, and April. Position and exercise limits have been set at 22,500 contracts. UHP options have been allocated to lead market maker Sam Chesser, Jr. of Ariel Trading, L.P., who assures that the disseminated market quote is firm for 20 contracts.

Rostelecom options will trade on the January expiration cycle. It will open with strike prices of 5, 7 1/2, and 10, and will be available for the months of September, October, January, and April. Position and exercise limits have been set at 22,500 contracts. The underlying stock is available at the Pacific Exchange. ROS options have been allocated to lead market maker Eric Haron of Susquehanna Investment Group, who assures that the disseminated market quote is firm for 20 contracts.

Seacoast Financial Services Corporation options will trade on the March expiration cycle. It will open with strike prices of 7 1/2, 10, and 12 1/2, and will be available for the months of September, October, December, and March. Position and exercise limits have been set at 13,500 contracts. SKQ options have been allocated to lead market maker Brian Geary of D.A. Davidson & Company, who assures that the disseminated market quote is firm for 20 contracts.

Varian Inc. options will trade on the February expiration cycle. It will open with strike prices of 12 1/2, 15, and 17 1/2, and will be available for the months of September, October, November, and February. Position and exercise limits have been set at 31,500 contracts. IUA options have been allocated to lead market maker John Brown of M.J.T. Securities, LLC, who assures that the disseminated market quote is firm for 20 contracts.

Varian Semiconductor Equipment Associates, Inc. options will trade on the February expiration cycle. It will open with strike prices of 20, 22 1/2, and 25, and will be available for the months of September, October, November, and February. Position and exercise limits have been set at 31,500 contracts. UES options have been allocated to lead market makers Matthew Shaffer and Patrick Ward of TFM Investment Group, who assure that the disseminated market quote is firm for 25 contracts.

For more information about the Pacific Exchange, visit the PCX Web site at www.pacificex.com.
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Publication:PR Newswire
Date:Aug 12, 1999
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