NEW YORK, Feb. 3 /PRNewswire/ -- The American Stock Exchange today announced it will trade options on the listed stocks of Ingram Micro, Inc. (stock/option symbol: IM) and New Holland N.V. (stock/option symbol: NH) beginning Monday, February 1O.
Ingram Micro, Inc., based in Santa Ana, California, is a wholesale distributor of technology products and services. The company operates in 19 countries and distributes more than 36,000 products to over 100,000 resellers in 120 countries.
IM will open with strike prices of 17-1/2, 20 and 22-1/2, with position of 10,500 contracts. Initial expiration months will be February, March, June and September of 1997. Spear, Leeds & Kellogg will be the specialist unit for the new options.
New Holland N.V., based in The Netherlands with North American headquarters in New Holland, Pennsylvania, engineers, manufactures, markets and distributes agricultural equipment. The company markets its equipment products internationally including key markets in Europe and Latin America.
NH will open with strike prices of 20, 22-1/2 and 25, with position limits of 10,500 contracts. Initial expiration months will be February, March, June and September of 1997. Susquehanna Investment Group will be the specialist unit for the new options.
The AMEX is a leader in listing warrants on foreign currencies and indexes as well as on hybrid debt instruments and other structured products. In addition, the AMEX trades options on 25 broad-based and sector indexes and 706 stocks, including 306 over-the-counter stocks, 33 American Depositary Receipts (ADRs) and 66 Long-term AnticiPation Securities (LEAPS(R)).
-0- 2/3/97
Source: American Stock Exchange
CONTACT: Yolanda Cain of American Stock Exchange, 212-306-1671 or
ycain@amex.com