PACIFIC EXCHANGE TO TRADE ELEVEN NEW OPTIONS

SAN FRANCISCO, Oct. 7 /PRNewswire/ -- The Pacific Exchange (PCX) has
announced that, on Friday, October 8, 1999, it will begin trading options on
Boston Scientific Corporation (NYSE: BSX), Cablevision Systems Corporation
(Amex: CVC), Case Corporation (NYSE: CSE), DaimlerChrysler AG (NYSE: DCX),
Delta Air Lines, Inc. (NYSE: DAL), Elan Corporation plc (NYSE: ELN),
International Paper Company (NYSE: IP), Jabil Circuit, Inc. (NYSE: JBL), Loral
Space & Communications Ltd. (NYSE: LOR), Oxford Health Plans, Inc.
(Nasdaq: OXHP; OQX) and Sears, Roebuck & Co. (NYSE: S). 
Boston Scientific Corporation options will trade on the February
expiration cycle.  Position and exercise limits have been set at 75,000
contracts.  The underlying stock is available on the Pacific Exchange.  The
following option series for Boston Scientific Corporation will be available
for trading: 


    BSX  OCT 20
    OCT 22 1/2
    OCT 25
    OCT 30
    OCT 35
    OCT 40
    OCT 45
    NOV 20
    NOV 22 1/2
    NOV 25
    NOV 30
    NOV 35
    NOV 40
    NOV 45
    NOV 50
    JAN 17 1/2
    JAN 20
    JAN 22 1/2
    JAN 25
    JAN 27 1/2
    JAN 30
    JAN 32 1/2
    JAN 35
    JAN 37 1/2
    JAN 40
    JAN 42 1/2
    JAN 45
    JAN 50
    FEB 20
    FEB 22 1/2
    FEB 25
    FEB 30
    FEB 35
    FEB 40
    FEB 45
    FEB 50
    MAY 20
    MAY 22 1/2
    MAY 25
    MAY 30
    MAY 35


Boston Scientific Corporation options have been allocated to lead market
maker Scott Elisha of Wolverine Trading, L.P. 
Cablevision Systems Corporation options will trade on the March expiration
cycle.  Position and exercise limits have been set at 31,500 contracts.  The
following option series for Cablevision Systems Corporation will be available
for trading: 


    CVC  OCT 65
    OCT 70
    OCT 75
    OCT 80
    NOV 70
    NOV 75
    NOV 80
    DEC 50
    DEC 55
    DEC 60
    DEC 65
    DEC 70
    DEC 75
    DEC 80
    DEC 85
    DEC 90
    DEC 95
    DEC 100
    MAR 65
    MAR 70
    MAR 75
    MAR 80


CVC options have been allocated to lead market maker Bruce Ulriksen of
Spear, Leeds & Kellogg. 
Case Corporation options will trade on the January expiration cycle.
Position and exercise limits have been set at 60,000 contracts.  The
underlying stock is available on the Pacific Exchange.  The following option
series for Case Corporation will be available for trading: 


    CSE  OCT 17 1/2
    OCT 20
    OCT 22 1/2
    OCT 25
    OCT 30
    OCT 35
    OCT 40
    OCT 45
    OCT 50
    OCT 55
    NOV 40
    NOV 45
    NOV 50
    NOV 55
    JAN 35
    JAN 40
    JAN 45
    JAN 50
    JAN 55
    APR 45
    APR 50
    APR 55


CSE options have been allocated to lead market makers Matthew Shaffer and
Patrick Ward of TFM Investment Group. 
DaimlerChrysler AG options will trade on the January expiration cycle.
Position and exercise limits have been set at 25,000 contracts.  The
underlying stock is available on the Pacific Exchange.  The following option
series for DaimlerChrysler AG will be available for trading: 


    DCX  OCT 60
    OCT 65
    OCT 70
    OCT 75
    OCT 80
    OCT 85
    OCT 90
    OCT 95
    OCT 100
    OCT 105
    NOV 60
    NOV 65
    NOV 70
    NOV 75
    NOV 80
    NOV 85
    JAN 50
    JAN 55
    JAN 60
    JAN 65
    JAN 70
    JAN 75
    JAN 80
    JAN 85
    JAN 90
    JAN 95
    JAN 100
    JAN 105
    JAN 110
    APR 60
    APR 65
    APR 70
    APR 75
    APR 80
    APR 85
    APR 90


DCX options have been allocated to lead market maker Cathy Clay of Timber
Hill LLC. 
Delta Air Lines, Inc. options will trade on the January expiration cycle.
Position and exercise limits have been set at 21,000 contracts.  The following
option series for Delta Air Lines, Inc. will be available for trading: 


    DAL  OCT 45
    OCT 50
    OCT 55
    OCT 60
    OCT 65
    OCT 70
    OCT 75
    NOV 45
    NOV 50
    NOV 55
    JAN 42 1/2
    JAN 45
    JAN 47 1/2
    JAN 50
    JAN 52 1/2
    JAN 55
    JAN 57 1/2
    JAN 60
    JAN 62 1/2
    JAN 65
    JAN 67 1/2
    JAN 70
    JAN 72 1/2
    JAN 75
    APR 45
    APR 50
    APR 55
    APR 60


DAL options have been allocated to lead market maker Michael Resch of DRZ
Derivatives, LLC. 
Elan Corporation plc options will trade on the January expiration cycle.
Position and exercise limits have been set at 150,000 contracts.  The
underlying stock is available on the Pacific Exchange.  The following option
series for Elan Corporation plc will be available for trading: 


    ELN  OCT 22 1/2
    OCT 25
    OCT 27 1/2
    OCT 30
    OCT 32 1/2
    OCT 35
    OCT 37 1/2
    OCT 40
    OCT 42 1/2
    OCT 45
    NOV 30
    NOV 35
    NOV 40
    JAN 25
    JAN 27 1/2
    JAN 30
    JAN 35
    JAN 40
    APR 25
    APR 30
    APR 35
    APR 40


ELN options have been allocated to lead market maker Sam Chesser of Ariel
Trading, L.P. 
International Paper Company options will trade on the January expiration
cycle.  Position and exercise limits have been set at 75,000 contracts.  The
underlying stock is available on the Pacific Exchange.  The following option
series for International Paper Company will be available for trading: 


    IP  OCT 35
    OCT 40
    OCT 45
    OCT 50
    OCT 55
    OCT 60
    NOV 40
    NOV 45
    NOV 50
    NOV 55
    JAN 35
    JAN 40
    JAN 45
    JAN 50
    JAN 55
    JAN 60
    APR 40
    APR 45
    APR 50
    APR 55
    APR 60


IP options have been allocated to lead market maker Ryan Sabol of Cole,
Roesler Trading Group, L.P. 
Jabil Circuit, Inc. options will trade on the March expiration cycle.
Position and exercise limits have been set at 150,000 contracts.  The
underlying stock is available on the Pacific Exchange.  The following option
series for Jabil Circuit, Inc. will be available for trading: 


    JBL  OCT 35
    OCT 40
    OCT 45
    OCT 50
    OCT 55
    NOV 45
    NOV 50
    NOV 55
    DEC 35
    DEC 40
    DEC 45
    DEC 50
    DEC 55
    DEC 60
    MAR 35
    MAR 40
    MAR 45
    MAR 50
    MAR 55


JBL options have been allocated to lead market maker Todd Broome of Assets
Mondial, LLC. 
Loral Space & Communications Ltd. options will trade on the January
expiration cycle.  Position and exercise limits have been set at
75,000 contracts.  The underlying stock is available on the Pacific Exchange.
The following option series for Loral Space & Communications Ltd. Will be
available for trading: 


    LOR  OCT 12 1/2
    OCT 15
    OCT 17 1/2
    OCT 20
    OCT 22 1/2
    OCT 25
    NOV 15
    NOV 17 1/2
    NOV 20
    JAN 10
    JAN 12 1/2
    JAN 15
    JAN 17 1/2
    JAN 20
    JAN 22 1/2
    JAN 25
    JAN 30
    JAN 35
    JAN 40
    APR 15
    APR 17 1/2
    APR 20


LOR options have been allocated to lead market maker Matt Shaffer of TFM
Investment Group. 
Oxford Health Plans, Inc. options will trade on the February expiration
cycle.  Position and exercise limits have been set at 75,000 contracts.  The
following option series for Oxford Health Plans, Inc. will be available for
trading: 


    OQX  OCT 10
    OCT 12 1/2
    OCT 15
    OCT 17 1/2
    OCT 20
    NOV 7 1/2
    NOV 10
    NOV 12 1/2
    NOV 15
    NOV 17 1/2
    NOV 20
    NOV 22 1/2
    NOV 25
    FEB 7 1/2
    FEB 10
    FEB 12 1/2
    FEB 15
    FEB 17 1/2
    FEB 20
    FEB 22 1/2
    MAY 7 1/2
    MAY 10
    MAY 12 1/2
    MAY 15
    MAY 17 1/2
    MAY 20


OQX options have been allocated to lead market maker Michael Resch of DRZ
Derivatives, LLC. 
Sears, Roebuck & Co. options will trade on the January expiration cycle.
Position and exercise limits have been set at 75,000 contracts.  The
underlying stock is available on the Pacific Exchange.  The following option
series for Sears, Roebuck & Co. will be available for trading: 


    S  OCT 25
    OCT 30
    OCT 35
    OCT 40
    OCT 45
    OCT 50
    OCT 55
    NOV 25
    NOV 30
    NOV 35
    NOV 40
    JAN 25
    JAN 30
    JAN 35
    JAN 40
    JAN 45
    JAN 50
    JAN 55
    JAN 60
    JAN 65
    APR 25
    APR 30
    APR 35
    APR 40
    APR 45


S options have been allocated to lead market maker Peter Berger of Berger
Barnett Investment Partners, C.L.P.
 

SOURCE  The Pacific Exchange 


    -0-                             10/07/1999
    /CONTACT:  Gloria Kwok of The Pacific Exchange, 415-393-4216/
    /Web site:  http://www.pacificex.com/
    (BSX CVC CSE DCX DAL ELN IP JBL LOR OXHP OQX S)

CO:  Pacific Exchange; Boston Scientific Corporation; Cablevision Systems
     Corporation; Case Corporation; DaimlerChrysler AG; Delta Air Lines, Inc.;
     Elan Corporation plc; International Paper Company; Jabil Circuit, Inc.;
     Loral Space & Communications Ltd.; Oxford Health Plans, Inc.; Sears,


 Roebuck & Co.
ST:  California
IN:  AUT FIN PAP
SU: 
-0- Oct/07/1999   16:22
EOS   (PRN)    Oct/07/1999    16:22       50
â
-0- (PRN) Oct/07/1999   16:37
 
 
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