American Stock Exchange to Trade Options on Five Securities
04 May 2005 - 7:17AM
PR Newswire (US)
American Stock Exchange to Trade Options on Five Securities NEW
YORK, May 3 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) will launch trading in options on Wednesday, May 4, 2005
on the following New York Stock Exchange listed stocks of: *
Canadian Pacific Railway Limited (Symbol: CP) * Noranda Inc.
(Symbol: NRD) * NS Group, Inc. (Symbol: NSS) * Oil States
International, Inc. (Symbol: OIS) * Whiting Petroleum Corporation
(Symbol: WLL) Canadian Pacific Railway Limited options will open
with strike prices of 30 - 35 - 40 and position limits of 5,000,000
shares. The options will trade on March expiration cycle with
initial expirations in May, June, September and December. The
specialist will be Susquehanna Investment Group. Canadian Pacific
Railway Limited is a Class 1 transcontinental railway, providing
freight and intermodal services over a network in Canada and the
United States. Noranda Inc. Inc options will open with strike
prices of 15 - 17-1/2 - 20 and position limits of 5,000,000 shares.
The options will trade on March expiration cycle with initial
expirations in May, June, September and December. The specialist
will be TANSTAAFL Research & Trading. Noranda Inc. is an
international mining and metals company with various mining and
metallurgical operations and projects under development in several
countries. NS Group, Inc. options will open with strike prices of
20 - 25 - 30 and position limits of 7,500,000 shares. The options
will trade on March expiration cycle with initial expirations in
May, June, September and December. The specialist will be Jane
Street Specialist, LLC. NS Group, Inc. manufactures specialty steel
products for the energy industry. The Company manufactures seamless
and welded tubular steel products that are used in the drilling,
exploration and transmission of oil, natural gas and other fluids.
Oil States International, Inc. options will open with strike prices
of 17-1/2 - 20 - 22-1/2 and position limits of 5,000,000 shares.
The options will trade on March expiration cycle with initial
expirations in May, June, September and December. The specialist
will be LaBranche Structured Products, LLC. Oil States
International, Inc. provides specialty products and services to oil
and gas drilling and production companies. The Company supplies
connection technology for offshore oil and gas development and
production, distributes tubular goods and furnishes hydraulic
workover and well control services. Whiting Petroleum Corporation
options will open with strike prices of 25 - 30 - 35 and position
limits of 7,500,000 shares. The options will trade on March
expiration cycle with initial expirations in May, June, September
and December. The specialist will be AGS Specialist, LLC. Whiting
Petroleum Corporation is involved in oil and natural gas
exploration, acquisition and exploration activities. The American
Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and
exchange traded funds (ETFs), including structured products and
HOLDRS(SM). In addition to its role as a national equities market,
the Amex is the pioneer of the ETF, responsible for bringing the
first domestic product to market in 1993. Leading the industry in
ETF listings, the Amex lists 155 ETFs. The Amex is also one of the
largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/.
DATASOURCE: American Stock Exchange CONTACT: Mary Chung of American
Stock Exchange, +1-212-306-1641, Web site: http://www.amex.com/
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