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PHLX to Begin Trading Two New Equity Options

PHILADELPHIA, Feb. 3 /PRNewswire/ -- The Philadelphia Stock Exchange (PHLX) is pleased to announce that it will begin trading put and call options on Ingram Micro, Inc. (option/stock symbol: IM) and New Holland N.V. (option/stock symbol: NH), upon the opening of business on Monday, February 10, 1997.

Ingram Micro, Inc. markets microcomputer hardware, networking equipment and software products to re-seller customers throughout the world. New Holland N.V. engineers, manufactures, markets and distributes agricultural equipment.

The following table lists the stock, symbols, position limits, and specialist unit for each new issue:

  STOCK                          LIMITS              SPECIALIST
  Ingram Micro, Inc. (IM)        10,500             Gateway Partners
  New Holland N.V. (NH)          10,500             Gateway Partners

The above options will both trade on the March expiration cycle with initial expiration months of February, March, June, and September. Opening strike prices for Ingram Micro, Inc. will be 17 1/2, 20, and 22 1/2. Opening strike prices for New Holland N.V. will be 20, 22 1/2, and 25. In addition, Gateway Partners will be offering an automatic execution (AUTO-X) of up to 20 contracts for orders executed through AUTOM, PHLX's automatic execution system for equity and sectors index options.

The PHLX is the oldest securities exchange in the U.S. and the nation's fastest growing sectors index options exchange. Founded in 1790, PHLX is a market leader in the trading of over 2,700 stocks, 550 equity options, eleven sectors index options, and 110 currency pairs. Web site:

-0- 02/03/97

Source: Philadelphia Stock Exchange

CONTACT: Lynda Caravello of the PHLX, 215-496-5200, or e-mail,

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