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 : The New Iomega '2000' Discussion Group

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Lamont who wrote (2084)8/2/1999 6:28:00 PM
From: FuzzFace  Read Replies (1) of 5023
 
Looks like someone got a whole lot of downside protection for no premium. My guess is someone is planning on using the puts to exit a 1.6M share long position at 4. Can't take the pain anymore. Sigh. Well, I just hope the put seller knows what he's doing. It looks like both parties were already hedged (or have very big cohones) since only half that amount of common traded all day.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext