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Pacific Exchange to Trade 12 New Options


SAN FRANCISCO, Dec. 23 /PRNewswire/ -- The Pacific Exchange (PCX) announced that on Wednesday, December 24, 2003, it will begin trading options on Avaya, Inc. (NYSE: AV; PCX); China Petroleum & Chemical Corp. (NYSE: SNP; PCX); CSG Systems International, Inc. (Nasdaq: CSGS; PCX); Ditech Communications Corp. (Nasdaq: DITC; PCX); FARO Technologies, Inc. (Nasdaq: FARO; PCX); Koninklijke Ahold NV (NYSE: AHO; PCX); Nanogen, Inc. (Nasdaq: NGEN; PCX); ON Semiconductor Corp. (Nasdaq: ONNN; PCX); Overstock.com, Inc. (Nasdaq: OSTK; PCX); Pacific Sunwear of California (Nasdaq: PSUN; PCX); Schnitzer Steel Industries, Inc. - Class A (Nasdaq: SCHN; PCX); and Tularik, Inc. (Nasdaq: TLRK; PCX).

Avaya options will trade on the March expiration cycle with exercise limits set at 75,000 contracts. The issue will be traded by lead market maker Catherine Clay of Timber Hill, LLC.

China Petroleum & Chemical options will trade on the January expiration cycle with exercise limits set at 31,500 contracts. The issue will be traded by lead market makers David Yakaitis and Geoffrey M. Tennican of Headwaters Capital, LLC.

CSG Systems International options will trade on the March expiration cycle with exercise limits set at 75,000 contracts. The issue will be traded by lead market maker Brian Geary of D.A. Davidson & Co., Inc.

Ditech Communications options will trade on the January expiration cycle with exercise limits set at 31,500 contracts. The issue will be traded by lead market makers Steven D. Juno and Ethan Dorr of Cutler Group, LP.

FARO Technologies options will trade on the March expiration cycle with exercise limits set at 31,500 contracts. The issue will be traded by lead market makers Steven D. Juno and Ethan Dorr of Cutler Group, LP.

Koninklijke Ahold options will trade on the March expiration cycle with exercise limits set at 75,000 contracts. The issue will be traded by lead market maker Catherine Clay of Timber Hill, LLC.

Nanogen options will trade on the March expiration cycle with exercise limits set at 60,000 contracts. The issue will be traded by lead market maker Brian Geary of D.A. Davidson & Co., Inc.

ON Semiconductor options will trade on the January expiration cycle with exercise limits set at 75,000 contracts. The issue will be traded by lead market makers Steven D. Juno and Ethan Dorr of Cutler Group, LP.

Overstock.com options will trade on the March expiration cycle with exercise limits set at 31,500 contracts. The issue will be traded by lead market makers David Yakaitis and Geoffrey M. Tennican of Headwaters Capital, LLC.

Pacific Sunwear options will trade on the March expiration cycle with exercise limits set at 112,500 contracts. The issue will be traded by lead market maker Catherine Clay of Timber Hill, LLC.

Schnitzer Steel Industries options will trade on the February expiration cycle with exercise limits set at 22,500 contracts. The issue will be traded by lead market makers Steven D. Juno and Ethan Dorr of Cutler Group, LP.

Tularik options will trade on the January expiration cycle with exercise limits set at 31,500 contracts. The issue will be traded by lead market maker Catherine Clay of Timber Hill, LLC.

SOURCE Pacific Exchange

-0- 12/23/2003

/CONTACT: Dale A. Carlson of Pacific Exchange, +1-415-393-4198, or dcarlson@pacificex.com/

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

(AV SNP CSGS DITC FARO AHO NGEN ONNN OSTK PSUN SCHN TLRK)

CO: Pacific Exchange; Avaya, Inc.; China Petroleum & Chemical Corp.; CSG


     Systems International, Inc.; Ditech Communications Corp.; FARO
     Technologies, Inc.; Koninklijke Ahold NV; Nanogen, Inc.; ON Semiconductor
     Corp.; Overstock.com, Inc.; Schnitzer Steel Industries, Inc.; Tularik,

Inc.; Pacific Sunwear of California ST: California IN: FIN SU: -0- Dec/23/2003 21:43 GMT

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