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Network hardware industry

American Stock Exchange Announces New Options Listings

Strategic Insights

— 1 min read

The American Stock Exchange has announced plans to trade options on listed stocks of Sprint Corporation and Com21, Inc. starting November 24 and 25, respectively. Sprint Corporation is a joint venture of Sprint Corporation, Tele-Communications Incorporated, Cox Communications, and Comcast Corporation, providing wireless communications services nationwide. Com21, Inc. designs and sells high-speed communications solutions for the broadband access market. The new options will have initial strike prices and position limits, with specialist units handling the trading.

Key Takeaways:

  • The American Stock Exchange expects to trade options on Sprint Corporation's listed stock, with initial strike prices of 10, 12-1/2, and 15, and position limits of 4,500 contracts.
  • Sprint Corporation is a joint venture of Sprint Corporation, Tele-Communications Incorporated, Cox Communications, and Comcast Corporation.
  • Com21, Inc. designs and sells high-speed communications solutions for the broadband access market, with customers including business and residential users in the United States and internationally.
  • Com21, Inc. options will have initial strike prices of 15, 17-1/2, and 20, and position limits of 7,500 contracts.
  • The specialist unit for both options listings will be TFM Investment Group for Sprint Corporation and LETCO-Specialist L.P. for Com21, Inc.
  • The American Stock Exchange trades options on 30 broad-based and sector indexes, as well as 1,064 domestic and foreign stocks, and Long-term Equity AnticiPation Securities (LEAPS) on 117 stocks.
  • The Amex operates under the management of The Nasdaq-Amex Market Group, a subsidiary of the National Association of Securities Dealers, Inc. (NASD).

Statistics:

  • Initial strike prices for Sprint Corporation options: 10, 12-1/2, and 15 USD.
  • Initial position limits for Sprint Corporation options: 4,500 contracts.
  • Initial strike prices for Com21, Inc. options: 15, 17-1/2, and 20 USD.
  • Initial position limits for Com21, Inc. options: 7,500 contracts.
  • Number of domestic and foreign stocks traded on the Amex: 1,064.
  • Number of LEAPS traded on the Amex: 117 stocks.
  • Number of indexes traded on the Amex: 30 broad-based and sector indexes.
  • Number of options traded on the Amex: 1,064 domestic and foreign stocks, and 30 indexes.
  • Percentage of the Amex's listings in equities: [Not specified].
  • Percentage of the Amex's listings in equity derivative securities: [Not specified].

Sources:

  • PRNewswire, "American Stock Exchange Announces New Options Listings" (Nov. 18)
  • The American Stock Exchange, "Options Listings" (no date)

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