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Non-Tech : IOMG - Clear Winner

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To: Jeffery E. Forrest who wrote (111)	9/29/1996 2:12:00 AM
From: Richard Dustin Doyle	of 129

Jeff, I have been trying to convince my Securities firm to let me buy and sell options!! They won't let me because I do not have enough capital (I think it is stupid because the only thing I can lose is what I invest, its not like I'm writing naked calls or anything that risky). Anyway, Keep your Straddle on the same Strike Price--Maybe 25 or 22 1/2. If you do this you can capitalize both ways!! If you buy at the same strike price you will be right one of the two ways for sure, but if you go 22 1/2 for a put and 25 for a call and IOMG goes into a temporary trading range (which is very unlikely, but could happen) you lose both ways. Minimize your risk when dealing with risky investments, boy isn't that an oxymoron. I would definitely do an October 25 Straddle if my Securities firm let me. When I wanted to do the Straddle, IOMG was at 18 7/8. I was looking at a 20 Straddle. Don't let this slip you by, go for it! Dustin

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