American Stock Exchange to Trade Options on Ditech Communications Corporation and Overstock.com, Inc.
20 December 2003 - 7:48AM
PR Newswire (US)
American Stock Exchange to Trade Options on Ditech Communications
Corporation and Overstock.com, Inc. NEW YORK, Dec. 19 /PRNewswire/
-- The American Stock Exchange(R) (Amex(R)) will launch trading in
options on Monday, December 22, 2003 on the Nasdaq Stock Market
listed stocks of Ditech Communications Corporation (Option Symbol:
QZD/Stock Symbol: DITC) and Overstock.com, Inc. (Option Symbol:
QKT/Stock Symbol: OSTK). Ditech Communications Corporation options
will open with strike prices of 15 - 17 1/2 - 20 and position
limits of 31,500 contracts. The options will trade on the January
expiration cycle with initial expirations in January, February,
April and July. The specialist will be Susquehanna Investment
Group. Ditech Communications Corporation designs, develops and
markets equipment used in building and expanding telecommunications
and cable communications networks. Overstock.com, Inc. options will
open with strike prices of 17 1/2 - 20 - 22 1/2 and position limits
of 31,500 contracts. The options will trade the March expiration
cycle with initial expirations in January, February, March and
June. The specialist will be Group One Trading, L.P. Overstock.com,
Inc. offers discounted brand-name merchandise for sale over the
Internet. 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 126 ETFs
to date. 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. DATASOURCE: American Stock Exchange
CONTACT: Lynn Teresky of the American Stock Exchange,
+1-212-306-1654, Web site: http://www.amex.com/
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