The &lt;American Stock Exchange> said ithas started put and call option trading in Chemical Waste
Management Inc stock as a replacement for options on
Chesebrough-Ponds's Inc, which was recently acquired.
    Initial expiration months are June and September and
initial exercise prices 30 and 35, it said.  Position and
exercise limits are 5,500 contracts on the same side of the
market.
 Reuter
