US exchange to trade options on Nasdaq stock of Bermuda company
The American Stock Exchange announced yesterday it is to trade options on the Nasdaq National Market stock of Bermuda-based Mediconsult.com Inc.
Trading is expected to begin tomorrow with the symbol for the stock/options as MCNS/UCS, a statement from the stock exchange said.
Mediconsult.com Inc. provides patient-oriented healthcare information and services on the World Wide Web.
The company's web sites provide a source of medical information and educates consumers about medical conditions and treatment alternatives.
UCS will open with initial strike prices of 12.5, 15 and 17.5, with position limits of 31,500 contracts.
Initial expiration months will be May, June, July and October of 1999.
The specialist unit for the new options will be AGS Specialist Partners.
The Amex trades options on 29 broad-based and sector indexes and 1,091 domestic and foreign stocks as well as long-term equity anticipation securities on 120 stocks.