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Non-Tech : Any info about Iomega (IOM)?
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To: chester lee who wrote (7612)9/25/1996 6:13:00 PM
From: Guy Gordon   of 58324
 
chester: Why can't you move from having sold covered calls to naked calls?

"Writing the IOMG options obligates me to hold the stock until FEB (unless I also close the options positions)."

Of course, if IOMG starts to fall, thos FEB 35 calls should become cheaper for you to buy back. But I thought you could just sell the IOMG and go naked on the calls. Is there a law on this, or just a rule that varies from broker to broker?
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