SOURCE: Pacific Exchange Inc.

March 22, 2005 13:56 ET

Pacific Exchange to Trade Eight New Options

SAN FRANCISCO, CA -- (MARKET WIRE) -- March 22, 2005 -- The Pacific Exchange (PCX) announced that on Wednesday, March 23, 2005, it will begin trading options on Cameco Corp. (PCX: CCJ); Gerdau S.A. (PCX: GGB); Internet HOLDRs Trust (PCX: HHH); Kinder Morgan, Inc. (PCX: KMI); Liberty Media Corp. - Class A (PCX: L); MicroStrategy, Inc. (PCX: MSTR); OSI Pharmaceuticals, Inc. (PCX: OSIP); and PetroKazakhstan, Inc. (PCX: PKZ).

Cameco options will trade on the March expiration cycle with exercise limits set at 6,750,000 shares through the June expiration, and 2,250,000 shares thereafter. The issue will be traded by lead market maker Catherine Clay of Timber Hill, LLC.

Gerdau options will trade on the March expiration cycle with exercise limits set at 3,150,000 shares. The issue will be traded by lead market makers Ross Goodheart, Ken Keating, and Bartev Vartanian of Group One Trading, LP.

Internet HOLDRs options will trade on the February expiration cycle with exercise limits set at 3,150,000 shares. The issue will be traded by lead market makers Patrick Hickey and Meaghan M. Dugan of Morgan Stanley & Co., Inc.

Kinder Morgan options will trade on the February expiration cycle with exercise limits set at 6,000,000 shares. The issue will be traded by lead market makers Patrick Hickey and Meaghan M. Dugan of Morgan Stanley & Co., Inc.

Liberty Media options will trade on the January expiration cycle with exercise limits set at 7,500,000 shares. The issue will be traded by lead market makers Timothy Brennan, Scott Elisha, and Brian Miller of Citadel Derivatives Group, LLC.

MicroStrategy options will trade on the January expiration cycle with exercise limits set at 3,150,000 shares. The issue will be traded by lead market makers Timothy Brennan, Scott Elisha, and Brian Miller of Citadel Derivatives Group, LLC.

OSI Pharmaceuticals options will trade on the January expiration cycle with exercise limits set at 7,500,000 shares. The issue will be traded by lead market makers Patrick Hickey and Meaghan M. Dugan of Morgan Stanley & Co., Inc.

PetroKazakhstan options will trade on the February expiration cycle with exercise limits set at 3,150,000 shares. The issue will be traded by lead market makers Timothy Brennan, Scott Elisha, and Brian Miller of Citadel Derivatives Group, LLC.

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