American Stock Exchange News Release
www.amex.com |
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| Options Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE TRADES OPTIONS ON SPDR® LEHMAN HIGH YIELD BOND ETF | ||
New York, December 4, 2007—The American Stock Exchange® (Amex®) today launched trading in options on the following Amex-listed exchange traded fund: • SPDR® Lehman High Yield Bond ETF (Amex: JNK) SPDR® Lehman High Yield Bond ETF (Amex: JNK) options opens with strike prices of 47-57 (1pt increments) and position limits of 2,500,000 shares. The options trade on the March expiration cycle. The specialist is Susquehanna Investment Group. The Fund’s investment objective is to provide investments results that, before fees and expenses, correspond generally to the price and yield performance of the Lehman Brothers High Yield Very Liquid Index. High Yield index measures the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity. High yield securities are generally rated below investment grade and are commonly referred to as “junk bonds”. | ||
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 377 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.