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Article: American Stock Exchange Trades Options on United States Natural Gas Fund and United States Oil Fund, L.P. ETFs.
- Article from:
- PR Newswire
- Article date:
- May 9, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, May 9 /PRNewswire/ -- Today the American Stock Exchange(R) (Amex(R)) launched trading in options on the following Amex-listed exchange traded fund:
-- United States Natural Gas Fund (UNG)
-- United States Oil Fund, L.P. (USO)
United States Natural Gas Funds (UNG) options will open with strike prices of 40-65 (1 pt increments) and position limits of 2,500,000 shares. The options will trade on the January expiration cycle. The specialist will be AGS/STR/OTA. The investment objective of UNG is to have the changes in percentage terms of the unit's net asset value (NAV) reflect the changes in percentage terms of the price of natural gas ...