Any info about Iomega (IOM)? Message Board

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

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To: Mama Bear who wrote (6732)	8/29/1996 4:08:00 AM
From: Rick Mortellra	of 58324

<<Thanks for your opinions, now if I can find that $1 in loose change, I can get a cup of coffee....>> Hot Damn! Barb, you made my day. Before you put a price on them, I thought my opinions where worth only 2 cents! Can't wait to tell my wife tonight that my market value has more than doubled in just a few hours! Thanks again! BTW, I too have never heard of the term "inverse spread." But Ken explains it in his post: "I will probably open up an 'inverse spread' position in the morning which will be profitable if the stock makes a BIG move in either direction, but expires worthless if the stock hangs out at around 15. I'll probably use November options for this. I think it's pretty safe to say that we will NOT be at 15 ...." So it appears to be a high volatility strategy, AKA "straddle." The combined premium for a Nov. 15 straddle would be about 5 1/2 plus commish. Not inexpensive, but still fairly below their theoretical values. Odds of success depends more on how you think the overall market does for the rest of the year IMHO. Since you are already long stock, the bullish "diagonal spread" I mentioned costs little, let's you participate in a move in either direction and has time working for you. Voila! Happy trails!

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