Pacific Exchange To Trade Options On The Timberland Company

The Pacific Exchange (PCX) will begin trading options on The Timberland Company (TBL) on Thursday, September 23, 1999. The Timberland Company options will trade on the February expiration cycle. It will open with strike prices of 30, 35, and 40, and will be available for the months of October, November, February, and May. Position and exercise limits have been set at 13,500 contracts. The underlying stock is available on the Pacific Exchange. TBL options have been allocated to lead market makers David Post and Joe Hruban of David Post & Partners/Beemac Traders.