Amex to Trade Options on Eleven Securities

  NEW YORK, May 8 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))  will launch trading in options on Thursday, May 9, 2002 on the Amex, Nasdaq  Stock Market and New York Stock Exchange listed stocks of:            * ABM Industries Incorporated (NYSE: ABM)       * Apex Silver Mines Limited (Amex: SIL)       * Arch Capital Group Ltd. (Nasdaq: ACGL/Option: UWR)       * AvalonBay Communities, Inc. (NYSE: AVB)       * Belden Inc. (NYSE: BWC)       * BRE Properties, Inc., Class A (NYSE: BRE)       * Briggs & Stratton Corporation (NYSE: BGG)       * Clean Harbors, Inc. (Nasdaq: CLHB/Option: QPB)       * Elcor Corporation (NYSE: ELK)       * Odyssey Healthcare, Inc. (Nasdaq: ODSY/Option: UPE)       * W-H Energy Services, Inc. (Nasdaq: WHES/Option: UXE)      ABM Industries Incorporated options will open with strike prices of  17-1/2 - 20 - 22-1/2 and position limits of 13,500 contracts.  The options  will trade on the January expiration cycle with initial expirations in June,  July, October and January.  The specialist will be AGS Specialist Partners.  ABM Industries Incorporated, a facility services contractor, provides air  conditioning, elevator, engineering, janitorial, lighting, parking, security  and other outsourced facility services to commercial, industrial and  institutional customers in cities across North America.   Apex Silver Mines Limited options will open with strike prices of 10 -  12-1/2 - 15 and position limits of 13,500 contracts.  The options will trade  on the January expiration cycle with initial expirations in June, July,  October and January.  The specialist will be Highland Securites Corp.  Apex  Silver Mines Limited explores and develops silver properties in South America,  Central America and Central Asia.   Arch Capital Group Ltd. options will open with strike prices of 25 - 30  - 35 and position limits of 13,500 contracts.  The options will trade on the  January expiration cycle with initial expirations in June, July, October and  January.  The specialist will be Group One Trading L.P.  Arch Capital Group  Ltd. is a Bermuda-based insurance and financial services company that provides  reinsurance and insurance products on a worldwide basis.   AvalonBay Communities, Inc. options will open with strike prices of  40 - 45 - 50 and position limits of 22,500 contracts.  The options will trade  on the January expiration cycle with initial expirations in June, July,  October and January.  The specialist will be LaBranche & Co., LLC.  Avalonbay  Communities, Inc. is a self-managed, fully-integrated multi-family real estate  investment trust.   Belden Inc. options will open with strike prices of 20 - 22-1/2 - 25 and  position limits of 13,500 contracts.  The options will trade on the January  expiration cycle with initial expirations in June, July, October and January.  The specialist will be SLK-Hull Derivatives, LLC.  Belden Inc. designs,  manufactures and markets metallic and fiber optic wire and cable products for  the electronics and communications markets.   BRE Properties, Inc. options will open with strike prices of 30 - 35 - 40  and position limits of 13,500 contracts.  The options will trade on the  January expiration cycle with initial expirations in June, July, October and  January.  The specialist will be Equitec Proprietary Markets, LLC.  BRE  Properties, Inc. is a real estate investment trust which owns and operates  multi-family communities and other income-producing properties in the Western  United States.   Briggs & Stratton Corporation options will open with strike prices of  35 - 40 - 45 and position limits of 13,500 contracts.  The options will trade  on the January expiration cycle with initial expirations in June, July,  October and January.  The specialist will be Cohen, Duffy & McGowan, LLC.  Briggs & Stratton Corporation designs, manufactures, markets and services air  cooled gasoline engines for outdoor power equipment.   Clean Harbors, Inc. options will open with strike prices of 7-1/2 - 10 -  12-1/2 and position limits of 22,500 contracts.  The options will trade on the  January expiration cycle with initial expirations in June, July, October and  January.  The specialist will be Bowery Specialist Group, LLC.  Clean Harbors,  Inc. provides a variety of environmental remediation and industrial waste  management services to customers in the United States and Puerto Rico.   Elcor Corporation options will open with strike prices of 22-1/2 - 25 - 30  and position limits of 13,500 contracts.  The options will trade on the  January expiration cycle with initial expirations in June, July, October and  January.  The specialist will be Bear Wagner Specialists LLC.  Elcor  Corporation and its subsidiaries manufacture laminated fiberglass asphalt  residential roofing shingles and related roofing products.  Elcor's ancillary  operations includes engineering consulting and technology licensing, coating  of diesel engine parts and shielding of plastic enclosures to reduce  electromagnetic and radio interference of cellular phones and electronics.   Odyssey Healthcare, Inc. options will open with strike prices of 30 -  35 - 40 and position limits of 13,500 contracts.  The options will trade on  the January expiration cycle with initial expirations in June, July, October  and January.  The specialist will be Susquehanna Investment Group.  Odyssey  Healthcare, Inc. provides hospice services in the United States.   W-H Energy Services, Inc. options will open with strike prices of 20 -  22-1/2 - 25 and position limits of 13,500 contracts.  The options will trade  on the January expiration cycle with initial expirations in June, July,  October and January.  The specialist will be Wolverine Trading, L.P.  W-H  Energy Services, Inc., a diversified oilfield service company, provides  products and services used primarily for drilling, completion and production  of oil and natural gas wells.     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 117 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/11690X12839844      SOURCE  The American Stock Exchange         (ABM SIL ACGL)   CO:  American Stock Exchange  ST:  New York  IN:  FIN  SU:  
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