American Stock Exchange to Trade Options on Five Securities
05 November 2004 - 5:30AM
PR Newswire (US)
American Stock Exchange to Trade Options on Five Securities NEW
YORK, Nov. 4 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) launched trading in options on Thursday, November 4,
2004, on the following Nasdaq Stock Market and New York Stock
Exchange listed stocks: * Brascan Corporation, Class A (Symbol:
BNN) * Cameco Corporation (Symbol: CCJ) * Crucell NV (Option
Symbol: JXU/Stock Symbol: CRXL) * Metals USA, Inc. (Option Symbol:
JZU/Stock Symbol: MUSA) * PrimeWest Energy Trust (Symbol: PWI)
Brascan Corporation, Class A options will open with strike prices
of 35- 40-45 and position limits of 1,350,000 shares. The options
will trade on the March expiration cycle with initial expirations
in November, December March and June. The specialist will be AGS
Specialists, LLC. Brascan Corporation is an asset management
company focused on the real estate and power generation sectors.
The Company owns interests in office properties in North America,
and in London in the United Kingdom. Brascan also owns
power-generating plants. Cameco Corporation options will open with
strike prices of 75-80-85 and position limits of 1,350,000 shares.
The options will trade on the March expiration cycle with initial
expirations in November, December March and June. The specialist
will be TANSTAAFL Research & Trading, LLC. Cameco Corporation
produces uranium. The Company operates underground uranium mines in
Saskatchewan, Canada, in situ leach uranium facilities in Wyoming
and Nebraska in the United States, uranium refining and
conservation facilities in Ontario, Canada, and a gold mine in
Kyrgyzstan, Central Asia. Crucell NV options will open with strike
prices of 7-1/2 - 10 - 12-1/2 and position limits of 1,350,000
shares. The options will trade on the March expiration cycle with
initial expirations in November, December March and June. The
specialist will be Kellogg Capital Group, LLC. Crucell NV licenses
technology to pharmaceutical and biotechnology companies. The
Company offers two technology platforms that help develop
antibodies, vaccines, gene therapy and functional genomics, and
discover disease-associated molecules. Metals USA, Inc. options
will open with strike prices of 15- 17-1/2 - 20 and position limits
of 2,250,000 shares. The options will trade on the March expiration
cycle with initial expirations in November, December March and
June. The specialist will be Bowery Specialist Group, LLC. Metals
USA, Inc. is a metals processor and distributor in North America.
The Company provides a range of products and services in the carbon
plates and shapes, flat-rolled products, and building products
markets. PrimeWest Energy Trust options will open with strike
prices of 20 - 22-1/2 - 25 and position limits of 3,150,000 shares.
The options will trade on the March expiration cycle with initial
expirations in November, December March and June. The specialist
will be Group One Trading L.P. PrimeWest Energy Trust is a
closed-end investment trust. The Trust issues Trust Units to the
public and uses the funds to purchase royalty from PrimeWest Energy
Inc. The royalty entitles the Trust to 99% of the net cash flow
from oil and gas properties currently owned or subsequently
acquired by PrimeWest. 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 143
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: The American Stock Exchange
CONTACT: Dan Charnas of the American Stock Exchange,
+1-212-306-1654, or Web site: http://www.amex.com/
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