Any info about Iomega (IOM)? Message Board

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

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To: Markas who wrote (35625)	11/13/1997 5:49:00 PM
From: Gary Wisdom	Read Replies (2) of 58324

To: Markas Re: Options Markas, When Iomega drops a couple of points, you won't see that much play in the out of the money calls. That is why it is better IMO to buy fewer in the money calls. You see more movement (hopefully on the right side). It will be very hard for you to make money on the Feb 30s unless there's incredible price movement by then. While very optimistic, I don't see Iomega much higher than $35 at that point. The only way, IMO, is if 1. the market explodes and 2. they either make another new product announcement or sell some ungodly number of zips by then. Since we're so close to $30, you're looking at a hefty premium. Figure out where you think the price will be by then. If you feel confident about $35, then by all means, go for it (but still the 25s would give you greater profit). If you are not sure about $35, don't buy the 30s. You'll lose. Glad you hung on to the Decembers. Good luck.

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