American Stock Exchange Will Launch Options Trading in Three Stocks

American Stock Exchange Will Launch Options Trading in Three
Stocks 


NEW YORK, Jan. 7  /PRNewswire-FirstCall/ -- The American Stock Exchange(R)
(Amex(R)) today launched trading in options on the following Nasdaq Stock
Market and New York Stock Exchange listed stocks:

   * Bluegreen Corporation  (Symbol: BXG)
   * Broadwing Corporation (Stock Symbol: BWNG/Option Symbol: QBG)
   * Essex Corporation (Stock Symbol: KEYW/Option Symbol: PUE)



Bluegreen Corporation options opened with strike prices of 15 - 17.5 - 20 and
position limits of 2.25 million shares. The options trade on the February
expiration cycle with initial expirations in January, February, May and August.
 The specialist is LaBranche Structured Products, LLC.  Bluegreen Corporation
acquires, develops, markets and sells timeshare resorts and residential land. 
The Company's timeshare resorts are located in a variety of vacation
destinations such as Myrtle Beach, Orlando and Aruba.

Broadwing Corporation options opened with strike prices of 5 - 7.5 - 10 and
position limits of   7.5 million shares. The options trade on the February
expiration cycle with initial expirations in January, February, May and August.
 The specialist is TANSTAAFL Research & Trading, LLC.  Broadwing Corporation
supplies voice, data and media network services to enterprises, strategic
carriers as well as agencies within the United States Government

Essex Corporation options opened with strike prices of 15 - 17.5 - 20 and
position limits of   2.25 million shares.  The options trade on the February
expiration cycle with initial expirations in January, February, May and August.
The specialist is Bowery Specialist Group, LLC.  Essex Corporation develops and
commercializes optoelectronic and signal processing solutions for defense,
intelligence and commercial customers.

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 144 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: American Stock Exchange



CONTACT:  Dan Charnas, American Stock Exchange, [phone],





Web site:  http://www.amex.com/ 

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