SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jay Chaffin who wrote (6088)8/15/1996 10:58:00 PM
From: Steve Wiz   of 58324
 
Jay



I tried to get in touch with my source but he can not always get the
info i need. He doesn't have instant available access to the MM options operations. The last couple of times he got it he stumbled
on it, but now i have pointed out to him want i need and he will
be on the look out for it-i dont want to push to hard though-

I think the next MM options move will tell were Iomegas price will
go until Sept expiration. If i could only catch the MM in his next
action which will be quite difficult.

Whats interesting is the high premiums on the puts. Do you think it
is possible for the Institutions or MM's to write puts for the fat
premiums. Thinking that Iomega could continue to trade in a narrow
range.

Lets say its in everyones interests MM and Institutions to push
Iomega down to increase the premiums on the puts. Then they write
Puts on their holdings to capture the fat spreads-then they push
IO back up. Back when IO was 30 the calls had the fat premiums
because most people *thought* Iomega was going back up.

Now everyone thinks its going *down* hence the fat premiums on the
puts. I just dont understand with the Pressteks, Amati's and the like
that Iomega is overpriced at 35 times 96' earnings.

I know Judy Lim likes to right covered calls but their going for
chump change. The money pot seems to be in the *puts*

I bought Aug 15 puts today just to check this hypothesis. I think
everyone is expecting IO to crater, but maybe the Institutions & MM
want to fatten up the puts.

The SEC filling doesnt help matters if its sound pessimistic, someone
check it tomorrow and post.

Maybe you can ask Judy why she likes to right calls-limits upside
no net on the downside-and they are going for nickels.

Thanx

THE WIZ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News