Hi, folks,
Believe me or not, there will be a lot of buying activities for
IOMG next week.
Why?
1. People buy it because of 90 percent of stock during the week
before split and after split, the stock goes up. That's
common sense.
2. IOMG Option writers will buy back their assigned stocks. I
think (may not be accurate) that there will be 4,120,000 shares
to be assigned. Look at the following chart for detail. The
reasons that the IOMG big guys may buy back those assigned
shares is because the option priemium is very high. One can
make a great profit by selling calls to option players.
Why IOMG set split date on May 20 not May 17? The reason
could be that they want to have one trading day to cover
those assigned stocks.
By the way, is anyone notice that there is one trading day
between option expiration and split? Why, it is for those option
writer to buy back their assigned stocks.
Do you guys see how smart are those IOMG guys? First of all,
announce the split on the first trading day after April option
expired. Secondly, do the split on the second day of May option
expired.
Just some thought. Thanks for you time.
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As Market 2:00pm May 15, 1996
Ticker Desc Open Interests
------ -------------- --------------
IQGEA May 5 Call 32
IQGEY May 5.875 Call 12
IQGEZ May 6.625 Call 18
IQGEU May 7.5 Call 31
IQGEP May 8.375 Call 51
IQGEB May 10 Call 220
IQGEQ May 11.625 Call 154
IQGEV May 12.5 Call 58
IQGER May 13.375 Call 720
IQGEC May 15 Call 1318
IQGES May 16.625 Call 783
IQGEW May 17.5 Call 202
IQGET May 18.375 Call 1312
IQGED May 20 Call 1986
IQGEX May 22.5 Call 1262
IQGEE May 25 Call 4354
IQGEF May 30 Call 4030
IQGEG May 35 Call 2727
IQGEH May 40 Call 4608
IQGEI May 45 Call 2907
IQGEJ May 50 Call 2579
IQGEK May 55 Call 3616
IQGEL May 60 Call 3565
IQGEM May 65 Call 4655
-----------
Total 41,200 Contracts =
4,120,000 shares
IQGEN May 70 Call 4126
IQGEO May 75 Call 1328 |
