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Strategies & Market Trends : Tech Stock Options
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To: stan fisher who wrote (2696)6/18/1996 12:49:00 PM
From: Judy   of 58727
 
IOMG is still moving as expected.

Stan, if IOMG was based at 35 I'd expect it to dip 2 1/2 to 5 points below support to the next options increment. We still have 3 1/2 trading days to go before options expirations, and if 90 percent of options are to expire worthless then the stock should end the week at 35 plus or minus a fraction. I checked the open interest on Sunday.

And that's why the IOMG options sellers have been selling JULY options. To avoid triple witch and to see how the stock will be played. IOMG has not been played before by the pros ... until now they did not hold a large percentage of the shares. Now they do and they are in the driver's seat for the first time. And when IOMG is based I shall act.
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