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The Philadelphia
Stock Exchange (PHLX) announced today that it will begin to trade
thirteen new options on May 24, 2007. All of the following options
were allocated to LaBranche Structured Products, LLC:
Akorn, Inc. (option/stock symbol: AFQ/AKRX)
will trade on the March expiration cycle with initial expiration
months of June, July, September and December. Position and exercise
limits have been set at 50,000 contracts.
Directed Electronics, Inc. (option/stock symbol:
RQE/DEIX) will trade on the February expiration
cycle with initial expiration months of June, July, August and November.
Position and exercise limits have been set at 25,000 contracts.
Noble International, Ltd. (option/stock symbol:
RQH/NOBL) will trade on the February expiration
cycle with initial expiration months of June, July, August and November.
Position and exercise limits have been set at 25,000 contracts.
Horizon Lines Inc. (option/stock symbol: HRZ)
will trade on the January expiration cycle with initial expiration
months of June, July, October and January. Position and exercise
limits have been set at 50,000 contracts.
Giant Industries, Inc. (option/stock symbol: GI)
will trade on the March expiration cycle with initial expiration
months of June, July, September and December. Position and exercise
limits have been set at 75,000 contracts.
BP Prudhoe Bay Royalty Trust (option/stock symbol:
BPT) will trade on the March expiration cycle with
initial expiration months of June, July, September and December.
Position and exercise limits have been set at 50,000 contracts.
BlackRock, Inc. (option/stock symbol: BLK)
will trade on the January expiration cycle with initial expiration
months of June, July, October and January. Position and exercise
limits have been set at 50,000 contracts.
ASTA Funding Inc. (option/stock symbol: ATQ/ASFI)
will trade on the January expiration cycle with initial expiration
months of June, July, October and January. Position and exercise
limits have been set at 50,000 contracts.
Werner Enterprises, Inc. (option/stock symbol:
RVQ/WERN) will trade on the March expiration cycle
with initial expiration months of June, July, September and December.
Position and exercise limits have been set at 250,000 contracts.
W.P. Stewart & Co. Ltd. (option/stock symbol:
WPL) will trade on the January expiration cycle
with initial expiration months of June, July, October and January.
Position and exercise limits have been set at 50,000 contracts.
Reuters Group PLC (option/stock symbol: RTQ/RTRSY)
will trade on the February expiration cycle with initial expiration
months of June, July, August and November. Position and exercise
limits have been set at 25,000 contracts.
Kronos, Inc. (option/stock symbol: KUE/KRON)
will trade on the January expiration cycle with initial expiration
months of June, July, October and January. Position and exercise
limits have been set at 75,000 contracts.
Kinder Morgan, Inc. (option/stock symbol: KMI)
will trade on the February expiration cycle with initial expiration
months of June, July, August, November and January. Position and
exercise limits have been set at 250,000 contracts.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades
over 7,000 stocks, 2,520 equity options, 17 sectors index options
and currency options and futures. For more information about the
PHLX and its products, visit www.phlx.com.
