American Stock Exchange to Trade Options on Two Securities

NEW YORK, Jan. 20  /PRNewswire/ -- The American Stock Exchange(R) (Amex) (R) will launch trading in options on Monday, January 23, 2006 on the following New York Stock Exchange listed stocks of:

  * Mirant Corporation (Symbol: MIR)
  * PXRE Group Limited (Stock Symbol: PXT)



Mirant Corporation options will open with strike prices of 22-1/2 - 25 - 30 and position limits of 7,500,000 shares.  The options will trade on the March expiration cycle with initial expirations in February, March, June and September.  The Specialist will be AGS Specialists, LLC.  Mirant Corporation provides electricity and energy-related products and services throughout the world.

PXRE Group Limited will open with strike prices of 10 - 12-1/2 - 15 and position limits of 7,500,000 shares. The options will trade on a January expiration cycle with initial expiration in February, March April and July. The Specialist will be Susquehanna Investment Group.  PXRE Group Limited provides reinsurance products and services to a national international marketplace, with principal emphasis on commercial and personal property reinsurance risks.

For more information on any Amex-listed company, please visit http://www.amex.com/.

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 150 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:  Kelsey Hubbard, American Stock Exchange, [phone],

 



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

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