Any info about Iomega (IOM)? Message Board

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

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To: mark lerman who wrote (7485)	9/24/1996 2:16:00 AM
From: Tom Rollins	of 58324

Mark, >Traders said an institutional investor sold 1,000 of each. >This is not a good sign because: >1. Someone selling calls is obviously expecting the stock to go down. >2. Someone with 2,000 contracts (that's 200,000 or $3.75M) to sell > is not a dummy (or are they?). There are at least two types of option players. Institutional investor that sold 1000 contracts is probably hedging their stock portfolio (increasing their income while giving up potential greater gains for life of contract). Another type is small speculator that buys calls and puts with probable small losses hoping for big gain. Professional traders prefer to sell time value in options and buy intrinsic value as a hedge. -tom

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