American Stock Exchange to Launch Trading in Options on Various Stocks

The American Stock Exchange will introduce options trading for several listed stocks, including American International Group, Inc., BP Amoco plc, and Loral Space & Communications. The new options will be available for trading on Tuesday, April 25, 2000, and the trading cycle and strike prices will be disclosed at a later date. The specialists for each stock will be designated as follows: AGS Specialist Partners for AIG, Cranmer & Cranmer, Inc. for BP Amoco, and LETCO-Specialist L.P. for Loral Space & Communications.

Key Takeaways:

• The American Stock Exchange will launch options trading for American International Group, Inc. (AIG) on April 25, 2000.
• BP Amoco plc (BPA) options will also be available for trading on the same day.
• Loral Space & Communications (LOR) options will commence trading on April 25, 2000.
• The specialists for AIG, BP Amoco, and Loral Space & Communications will be AGS Specialist Partners, Cranmer & Cranmer, Inc., and LETCO-Specialist L.P., respectively.
• The trading cycle and strike prices for the above options will be disclosed at a later date.
• The American Stock Exchange has designated specialists for various other stocks, including Applied Micro Circuits Corp. (AMCC), International FiberCom Inc. (IFCI), Leap Wireless International, Inc. (LWIN), Legato Systems, Inc. (LGTO), Network Appliance Inc. (NTAP), RF Micro Devices, Inc. (RFMD), and TriQuint Semiconductor, Inc. (TQNT).

Statistics:

• 9 new options will be introduced for trading on the American Stock Exchange.
• 7 companies, including AIG, BPA, and LOR, will commence options trading on April 25, 2000.
• The trades will be executed by designated specialists, including AGS Specialist Partners, Cranmer & Cranmer, Inc., and LETCO-Specialist L.P.
• The trading cycle and strike prices for the above options will be disclosed at a later date.

Sources:

• PRNewswire
• American Stock Exchange