PHLX To Begin Trading Two New Options
Date 22/10/1999
The Philadelphia Stock Exchange (PHLX) is pleased to announce that it will begin trading put and call options on Genetech, Inc. (option/stock symbol: DNA), upon the opening of business on Wednesday, October 27, 1999. The PHLX will also begin trading put and call options on MP3.com, Inc. (option/stock symbol: PUM/MPPP), upon the opening of business Thursday, October 28, 1999.
Options on Genetech, Inc. will trade on the March expiration cycle with initial expiration months of November, December, March, and June. Opening strike prices will be 135, 140, 145. Options on
MP3.com, Inc. will trade on the February expiration cycle with initial expiration months of November, December, February, and May. Opening strike prices will be 35, 40, and 45.
The PHLX is the first securities exchange in the U.S. and the nation's fastest growing sectors index options exchange. Founded in 1790, PHLX is a market leader in the trading of over 2600 stocks, 930 equity options, 13 sectors index options, and 100 currency pairs.