American Stock Exchange Trades Options on SPDR(R) Lehman High Yield Bond ETF
04 Décembre 2007 - 4:29PM
PR Newswire (US)
NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- The American Stock
Exchange(R) (Amex(R)) today launched trading in options on the
following Amex-listed exchange traded fund: * SPDR(R) Lehman High
Yield Bond ETF (AMEX:JNK) SPDR(R) 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 the American Stock Exchange The
American Stock Exchange(R) (Amex(R)) offers trading across a full
range of equities, options and exchange traded funds (ETFs),
including structured products and HOLDRS(SM). 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. For more information, please
visit http://www.amex.com/. Media Contact: DATASOURCE: American
Stock Exchange CONTACT: Catherine Chantharaj of American Stock
Exchange, +1-212-306-1641, Web site: http://www.amex.com/
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