Any info about Iomega (IOM)? Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: thebeach who wrote (25614)	6/20/1997 1:09:00 AM
From: STEVE SMITH	of 58324

<So I don't see any reason why the stock can't go to 25 tomorrow? Someone logically explain why they think it will tank tomorrow.> I don't know how sane it is on my part to try and apply reason or logic in anticipating this stocks pending price, but here goes. As has been pointed out from time to time by others on this thread, the closing price of IOM's stock on option expiration day tends to be at or near the largest open interest strike price. According to CBOE's site (http://webservices.pcquote.com/cgi-bin/cboeopt.exe?TICKER=IOM&ALL=1) the largest open position on calls for June is the JUN 20 with 16,766 open contracts. Second largest position is the JUN 22 1/2 with 12,615 open contracts. Therefore, the prediction is for the stock to probably close below 20 but certainly close below 22 1/2. This scenario seems to have played out more often then not over the last several option expiration dates. Remember though, I'm just an ordinary guy trying to second guess an illogical, unreasonable auction market. It could just as well close above 25 (but I strongly doubt it!). Steve

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next