Press Release: Philadelphia Stock Exchange
October 4, 2001
PHILADELPHIA, PA -- The Philadelphia Stock Exchange (PHLX) announced yesterday that it would begin trading put
and call options on Fairmount Hotels & Resorts, Inc. upon the opening of business on Wednesday, October 3.
Fairmount Hotels & Resorts, Inc. (option/stock symbol: FHR) was allocated to Spear, Leeds & Kellogg. The
firm will offer automatic executions up to 20 contracts for all orders routed through AUTOM, the PHLX's automatic
execution system for equity and sectors index options. Fairmount Hotels & Resorts, Inc., will trade on the
January expiration cycle. Position and exercise limits have been set at 13,500 contracts. Initial strike prices
will be 12 1/2, 15 and 17 1/2.
The Philadelphia Stock Exchange (PHLX) was founded in 1790. The PHLX trades more than 2,200 stocks, 1,041 listed
equity options, 11 sectors index options and currency pairs. For more information about the PHLX and its products,
visit www.phlx.com.
SOURCE: Philadelphia Stock Exchange