Amex Trades Options on PowerShares Golden Dragon China Portfolio & PowerShares High-Yield Equity Dividend Achievers Portfolio
December 27 2004 - 9:48AM
PR Newswire (US)
Amex Trades Options on PowerShares Golden Dragon China Portfolio
& PowerShares High-Yield Equity Dividend Achievers Portfolio
NEW YORK, Dec. 27 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) launched trading in options on Thursday, December 23, on
the underlying shares of PowerShares Golden Dragon Halter USX China
Portfolio (PGJ) and The PowerShares High Yield Equity Dividend
Achievers(TM) Portfolio (PEY) PowerShares Golden Dragon Halter USX
China Portfolio opened with strike prices of 10-18 with one-point
increments and position limits of 1,350,000 shares. The options
trade on the March expiration cycle with initial expirations in
January, February, March and June. The specialist is Kellogg
Capital Group, LLC. The PowerShares Golden Dragon Halter USX China
Portfolio is an exchange-traded fund that seeks investment results
that correspond to the price and yield of the Halter USX China
Index. The Fund normally invests at least 80% of its total assets
in common stocks of companies deriving a majority of their revenues
from the People's Republic of China. The PowerShares High Yield
Equity Dividend Achievers(TM) Portfolio opened with strike prices
of 11-19 with one-point increments and position limits of 1,350,000
shares. The options traded on the March expiration cycle with
initial expirations in January, February, March and June. The
specialist is LaBranche Structured Products, LLC. PowerShares High
Yield Equity Dividend Achievers(TM) Portfolio is an exchange-traded
fund that seeks investment results that correspond generally to the
price and yield of the Dividend Achievers 50 Index. The Fund
normally invests 80% of its total assets in common stocks of
companies that have a consistent record of dividend increases. The
American Stock Exchange(R) (Amex(R)) is the only primary exchange
that 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 144 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. DATASOURCE: The American Stock Exchange CONTACT: Dan
Charnas of the American Stock Exchange, +1-212-306-1654, Web site:
http://www.amex.com/
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