Amex to Trade Options on Magellan Health Services, Inc.

Apr 02, 2001, 01:00 ET from The American Stock Exchange

    NEW YORK, April 2 /PRNewswire/ -- The American Stock Exchange will launch
 trading in options on Monday, April 9, 2001 on the following New York Stock
 Exchange listed stock of Magellan Health Services, Inc. (Symbol: MGL).
     Magellan Health Services, Inc. options will open with strike prices of
 7-1/2 - 10 - 12-1/2 and position limits of 13,500 contracts.  The options will
 trade on the February expiration cycle, with initial expirations in April,
 May, August and November.  The specialist will be announced at a later date.
 Magellan Health Services, Inc. is an international healthcare company.  The
 Company operates through its behavioral managed healthcare business, human
 services, specialty managed healthcare business, healthcare franchising
 business, and healthcare provider business.
     The American Stock Exchange(R), a subsidiary of the National Association
 of Securities Dealers, Inc. NASD(R), is the only primary exchange that offers
 trading across a full range of equities, Exchange Traded Funds (ETFs),
 including structured products and HOLDRS(SM), and options.  In addition to its
 role as a national equities market, the Amex is the leader in ETF listings,
 listing 97 ETFs to date, and is the second-largest options exchange in the
 U.S., trading options on broad-based and sector indexes as well as domestic
 and foreign stocks.  For more information, visit http://www.amex.com.
 
 

SOURCE The American Stock Exchange
    NEW YORK, April 2 /PRNewswire/ -- The American Stock Exchange will launch
 trading in options on Monday, April 9, 2001 on the following New York Stock
 Exchange listed stock of Magellan Health Services, Inc. (Symbol: MGL).
     Magellan Health Services, Inc. options will open with strike prices of
 7-1/2 - 10 - 12-1/2 and position limits of 13,500 contracts.  The options will
 trade on the February expiration cycle, with initial expirations in April,
 May, August and November.  The specialist will be announced at a later date.
 Magellan Health Services, Inc. is an international healthcare company.  The
 Company operates through its behavioral managed healthcare business, human
 services, specialty managed healthcare business, healthcare franchising
 business, and healthcare provider business.
     The American Stock Exchange(R), a subsidiary of the National Association
 of Securities Dealers, Inc. NASD(R), is the only primary exchange that offers
 trading across a full range of equities, Exchange Traded Funds (ETFs),
 including structured products and HOLDRS(SM), and options.  In addition to its
 role as a national equities market, the Amex is the leader in ETF listings,
 listing 97 ETFs to date, and is the second-largest options exchange in the
 U.S., trading options on broad-based and sector indexes as well as domestic
 and foreign stocks.  For more information, visit http://www.amex.com.
 
 SOURCE  The American Stock Exchange