Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Michael Rick who wrote (7418)	9/22/1996 10:57:00 PM
From: Mama Bear	of 58324

>>>Could it be alot of Sep 15/17.5 holders are short sellers who hedged and will use the shares to cover? Maybe. Maybe not.<<< Good point, that thought hadn't crossed my mind. So that takes care of a certain % of the callable shares. >>>Why would any options trader take delivery and risk selling on Monday? Monday could be a very volatile day <<< Well, if I remeber correct ly, there were 3000 contracts open at 12 1/2. While this is only 300000 shares, why would anyone not call the shares and sell them immidiately? at 5/sh we are talking 1.5 million dollars you would have them leave on the table. I don't know where you get the 2% number, is that all strikes, all stocks, put and call? I mean with odds like that, one should be selling in-the-money calls each month, or at least quarterly.I do recall a lot of consensus on the 30% number, though. You are the first I have heard so low. I will be watching Monday AM, though, to see if my hypothesis is correct. Barb

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