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

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To: Steve Wiz who wrote (6077)8/15/1996 6:49:00 PM
From: Jay Chaffin   of 58324
 
Steve,

Take a look at the options purchases today. 3000+ Aug 20 puts traded
today (more than 50% of open interest). More importantly, given the
alleged comments by Iomega concerning retail sales, were the 2200+
Aug 15 puts traded today. Just try and tell me someone didn't see
Iomega's comments coming! On the bright side, Lombard indicated that
0 (zero) Aug 12.5 puts were traded today. Looks like whoever was
buying puts feels that the 15s will be worth something, but the 12.5s
won't. Perhaps your "source" can give you some info.

Jay

LONG on IOMG (but concerned about the manipulations)

P.S. so much for the ascending triangle
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