Philippine Metals (CSE:PHI)
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American Stock Exchange to Trade Options on Seven Securities
NEW YORK, Oct. 18 /PRNewswire-FirstCall/ -- The American Stock Exchange(R)
(Amex(R)) will launch trading in options on Tuesday, October 19, 2004 on the
following Nasdaq Stock Market and New York Stock Exchange listed stocks of:
-- CSK Auto Corporation (Symbol: CAO)
-- FX Energy, Inc. (Option Symbol: IWQ/Stock Symbol: FXEN)
-- Guess?, Inc. (Symbol: GES)
-- Kellwood Company (Symbol: KWD)
-- Philippine Long Distance Telephone Company (Symbol: PHI)
-- Ryerson Tull, Inc. (Symbol: RT)
-- Silver Standard Resources Inc (Option Symbol: IZU/Stock Symbol: SSRI)
CSK Auto Corporation options will open with strike prices of 10 - 12-1/2 - 15
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 Highland Securities Co. CSK Auto Corporation
retails automotive parts and accessories in the Western United States.
FX Energy, Inc. options will open with strike prices of 5 - 7-1/2 - 10 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. FX Energy, Inc.
explores for and produces oil and gas, primarily in the Republic of Poland. The
Company also has limited oil production and reserves in Montana and Nevada, as
well as oil and gas exploration projects in other western states.
Guess?, 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 Group One Trading L.P. Guess?, Inc. designs,
markets, distributes and licenses a collection of casual apparel, accessories
and related consumer products.
Kellwood Company options will open with strike prices of 30 - 35 - 40 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 Charlton Specialist Partners, LLC. Kellwood
Company and its subsidiaries manufacture and market apparel and related soft
goods.
Philippine Long Distance Telephone Company options will open with strike prices
of 22-1/2 - 25 - 30 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 LaBranche Structured Products,
LLC. Philippine Long Distance Telephone Company provides domestic and
international long distance and cellular telephone services. The Company's
business group include fixed line, wireless, and information and communications
technology.
Ryerson Tull, Inc. options will open with strike prices of 12-1/2 - 15 - 17-1/2
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 TANSTAAFL Research & Trading, LLC. Ryerson Tull,
Inc. is a metals service center in the United States. The Company distributes
and processes metals and other materials, operating as an intermediary between
primary metals producers and customers.
Silver Standard Resources Inc. options will open with strike prices of 12-1/2 -
15 - 17-1/2 and position limits of 6,000,000 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. Silver
Standard Resources Inc. is a silver exploration company focused on acquiring
and developing silver resources on a global basis. The Company has projects in
the United States, Australia, Mexico, Argentina, Peru and Chile.
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 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.
Web site: http://www.amex.com
DATASOURCE: The American Stock Exchange
CONTACT: Lynn Duffy of The American Stock Exchange, +1-212-306-1654, or