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CBOE to List Options on Automobile Protection Corporation (APCO) On Wedesday, April 8

1 April 1998

CBOE to List Options on Automobile Protection Corporation (APCO) On Wedesday, April 8

    CHICAGO, April 1 -- The Chicago Board Options Exchange (CBOE)
today announced it will begin trading options on Automobile Protection
Corporation on Wednesday, April 8.
    Automobile Protection Corporation, located in Atlanta, Ga. markets and
administers extended vehicle service contracts and extended vehicle warranty
programs sold by automobile dealers located throughout the U.S.
    QFM options will trade on the January expiration cycle, with introductory
expirations in May, June, July and October.  Initial strike prices have been
set at 10, 12-1/2 and 15.  Genesis Trading Group, L.L.C. has been named the
Designated Primary Market Maker (DPM) in the options.
    CBOE, regulated by the Securities and Exchange Commission (SEC), is the
pioneer of listed options and the world's largest options marketplace.

SOURCE  Chicago Board Options Exchange