Any info about Iomega (IOM)? Message Board

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

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To: KM who wrote (38556)	12/4/1997 8:39:00 PM
From: Teddy	Read Replies (2) of 58324

It's not self-explanatory to me (hey, i'm new at this stuff), it looks like it could mean one of two things: Traders suspect the firm is over-writing a stock position, or selling more calls than the stock in the portfolio. One of the traders said over-writing is a bearish strategy. Sounds like they are holding stock that they don't want to sell, but expect it to be below $35 in January, right? It also is possible Morgan Stanley is buy-writing Noble Drilling, which means the firm is selling calls while buying the stock. Buy-writing helps institutions lower the cost of buying stock because they get to keep the premium received from selling the options. They are buying more stock at current prices so even if some of it is called away in January they make a profit on the stock plus they get the premium from the options they sold. So, my question is: is NE going above $35 before January. TIA

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