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Health care industry

American Stock Exchange Expands Options Listings

Strategic Insights

— 1 min read

The American Stock Exchange (AMEX) announced that it will begin listing options on three new over-the-counter stocks, including Acxiom Corporation, Clearnet Communications Inc., and Living Centers of America, Inc. The new options will start trading on August 9, 1995. These listings mark the AMEX's expansion into new markets and its commitment to providing investors with a wider range of investment opportunities.

Key Takeaways:

  • Acxiom Corporation, a data processing and software provider, will have options listed under the symbol UQA with initial strike prices of 20, 22*, and 25, and position limits of 4,500 contracts.
  • Clearnet Communications Inc., a mobile radio wireless communication network operator, will have options listed under the symbol CKQ with strike prices of 10, 12*, and 15, and position limits of 4,500 contracts.
  • Living Centers of America, Inc., a long-term health care provider, will have options listed under the symbol LCA with strike prices of 25, 30, and 35, and position limits of 4,500 contracts.
  • The AMEX currently trades options on 18 broad-based and sector indexes, 516 stocks (including 187 over-the-counter stocks), 26 American Depositary Receipts (ADRs), and 59 Long-term Equity AnticiPation Securities(R) (LEAPS(R)).
  • Charlton, Goin, SLK will be the specialist unit for Acxiom Corporation's options, while Susquehanna Investment Group will be the specialist unit for Clearnet Communications Inc.'s options. Cohen, Cohn, Duffy & McGowan, Inc. will be the specialist unit for Living Centers of America, Inc.'s options.
  • The AMEX is a leader in listing warrants on foreign indexes and currencies, hybrid debt instruments, and other structured products.

Statistics:

  • The AMEX has listed options on a total of 1,657 stocks, including 516 over-the-counter stocks.
  • The new options will have initial expiration months of September, October, and November 1995, and February 1996.
  • The AMEX trades options on stocks with a total market capitalization of over $2 trillion.

Sources:

  • Press release from the American Stock Exchange, dated August 8, 1995
  • "Acxiom Corporation" and "Clearnet Communications Inc." press releases, dated August 8, 1995
  • "Living Centers of America, Inc." press release, dated August 8, 1995

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