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.  
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           http://tbutton.prnewswire.com/prn/11690X12839844 
  

SOURCE  The American Stock Exchange  


    -0-                             05/08/2002 
    /CONTACT:  Lynn Teresky of the American Stock Exchange, +1-212-306-1654/ 
    /Web site:  http://www.amex.com/ 


(ABM SIL ACGL)  
CO:  American Stock Exchange 
ST:  New York 
IN:  FIN 
SU:  
-0- May/08/2002 19:32 GMT
 
 
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