Amex to Trade Options on Fifteen Securities

  NEW YORK, May 15 /PRNewswire/ -- The American Stock Exchange will launch 
trading in options on Wednesday, May 16, 2001 on the following Nasdaq Stock 
Market and New York Stock Exchange listed stocks of:  


      -- Allegiance Telecom, Inc.  (Option Symbol: QGX/Stock Symbol: ALGX) 
    -- Arch Coal, Inc. (Symbol: ACI) 
    -- ASM International N.V.  (Option Symbol: IQB/Stock Symbol: ASMI) 
    -- ASM Lithography Holdings N.V.  (Option Symbol: MFQ/Stock Symbol: ASML) 
    -- AutoZone, Inc. (Symbol: AZO) 
    -- Elan Corporation plc  (Symbol: ELN) 
    -- FPL Group, Inc. (Symbol: FPL) 
    -- NTL Incorporated  (Symbol:  NLI) 
    -- Gilead Sciences, Inc.  (Option Symbol: GDQ/Stock Symbol: GILD) 
    -- Pharmaceutical Product Development, Inc. (Option Symbol: PJQ/Stock 
       Symbol: PPDI) 
    -- Jones Apparel Group, Inc. (Symbol: JNY) 
    -- The Southern Company (Symbol: SO) 
    -- Key Energy Services, Inc. (Symbol: KEG) 
    -- TXU Corp.  (Option Symbol: TXU) 
    -- Kinder Morgan, Inc. (Symbol: KMI) 


   Allegiance Telecom, Inc. options will open with position limits of 
75,000 contracts.  The options will trade on the March expiration cycle.  The 
specialist will be TFM Investment Group.  Allegiance Telecom, Inc. provides 
telecommunications services to business, government, and other institutional 
users in major metropolitan areas across the United States.  
   Arch Coal, Inc. options will open with  position limits of 
22,500 contracts.  The options will trade on the January expiration cycle. 
The specialist will be Eclipse J.V.  Arch Coal, Inc. mines, processes, and 
markets low-sulphur coal from the surface, underground, and auger mines 
located in western United States and in the central Appalachian region.  
   ASM International N.V. options will open with  position limits of 
31,500 contracts.  The options will trade on the March expiration cycle.  The 
specialist will be AGS Specialist Parnters.  ASM International N.V. through 
its subsidiaries, designs, manufactures, markets, and services equipment and 
materials used to produce semiconductor devices.  
   ASM Lithography Holdings N.V. options will open with  position limits of 
75,000 contracts.  The options will trade on the January expiration cycle. 
The specialist will be Susquehanna Investment Group.  ASM Lithography Holdings 
N.V.  develops, manufactures, markets, and services photolithography 
projections systems, known as wafer steppers and step and scan.  
   AutoZone, Inc. options will open with  position limits of 
31,500 contracts.  The options will trade on the March expiration cycle.  The 
specialist will be Botta Capital Management, LLC.  AutoZone, Inc.  is a 
specialty retailer  of automotive parts, chemicals, and accessories targeting 
the do-it-yourself consumer.  
   Elan Corporation plc options will open with  position limits of 
75,000 contracts.  The options will trade on the January expiration cycle. 
The specialist will be Cohen, Duffy & McGowan. Elan Corporation plc is a 
specialty pharmaceutical company.  The Group's drug delivery technologies are 
designed to aid and control the absorption and utilization of active 
pharmaceutical compounds.  
   FPL Group, Inc. options will open with  position limits of 
75,000 contracts.  The options will trade on the March expiration cycle.  The 
specialist will be Eclipse J.V. FPL Group, Inc. is a public utility holding 
company.  
   NTL Incorporated will open with  position limits of 75,000.  The options 
will trade on the March expiration cycle.  The specialist will be 
Letco-Specialist L.P.  NTL Incorporated provides communications services to 
residential, business, and wholesale customers.  
   Gilead Sciences, Inc. will open with  position limits of 150,000 until 
August 18, 2001 then be reduced to 75,000 contracts.  The options will trade 
on the February expiration cycle.  The specialist will be Gateway Partners, 
LLC.  Gilead Sciences, Inc. discovers, develops, and commercializes 
therapeutics for viral diseases.  
   Pharmaceutical Product Development, Inc. will open with  position limits 
of 63,000 until October 20, 2001 then be reduced to 31,500 contracts.  The 
options will trade on the January expiration cycle.  The specialist will be 
Wagner Stott Bear Specialist LLC.  Pharmaceutical Product Development, Inc. 
provides global contract and consulting research and development services for 
the pharmaceutical and biotechnology industries.  
   Jones Apparel Group, Inc. will open with  position limits of 
31,500 contracts.  The options will trade on the February expiration cycle. 
The specialist will be Wolverine Trading L.P.  Jones Apparel Group, Inc. 
designs, and markets a variety of apparel, including sportswear, jeanswear, 
suits, dresses, and footwear.  
   The Southern Company  will open with  position limits of 
75,000 contracts.  The options will trade on the February expiration cycle. 
The specialist will be Wolverine Trading L.P.  The Southern Company is the 
parent company of Alabama Power, Georgia Power, Gulf Power, Mississippi Power, 
and Savannah Electric.  
   Key Energy Services, Inc. will open with  position limits of 
60,000 contracts.  The options will trade on the January expiration cycle. 
The specialist will be Spear, Leeds & Kellogg.  Key Energy Services, Inc. 
provides onshore, rig-based well services, including well maintenance, 
workover, completion and re-completion.  
   TXU Corp.  will open with  position limits of  75,000 contracts.  The 
options will trade on the January expiration cycle.  The specialist will be 
Cranmer & Cranmer, Inc.  TXU Corp. is an energy services company with 
multinational operations.  
   Kinder Morgan, Inc. will open with  position limits of  31,500 contracts. 
The options will trade on the February expiration cycle.  The specialist will 
be AGS Specialist Partners.  Kinder Morgan, Inc. is a midstream energy 
company, operating natural gas and product pipelines, retail distribution, 
electric generation and terminal assets.  
  The American Stock Exchange(R) (Amex(R)) a subsidiary of the National 
Association of Securities Dealers, Inc. (NASD(R)), is the only primary 
exchange that offers trading across a full range of equities, Exchange Traded 
Funds (ETFs), including structured products and HOLDRS(SM), and options. In 
addition to its role as a national equities market, the Amex is the leader in 
ETF listings, listing 99 ETFs to date, and is the second-largest options 
exchange in the U.S., trading options on broad-based and sector indexes as 
well as domestic and foreign stocks. For more information, visit 
http://www.amex.com.  
                  MAKE YOUR OPINION COUNT -  Click Here  
           http://tbutton.prnewswire.com/prn/11690X43626633 
  

SOURCE  American Stock Exchange  
-0-                             05/15/2001  
/CONTACT:  Laura J. Orgon, 212-681-1700, ext. 200, for American Stock 
Exchange/  
/Web site:  http://www.amex.com/  
CO:  American Stock Exchange 
ST:  New York 
IN:  FIN 
SU: 
-0- May/15/2001 15:31 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.