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To: D.J.Smyth who wrote (8450)	3/22/1999 11:33:00 AM
From: David Colvin	Read Replies (1) of 10072

To all of you options experts out there, I was wondering what effect, if any, all of the put and call options out there would have on the stock price last Friday. Sure enough, we closed at almost exactly $5.00 making at least all those puts and calls at 5 expire worthless. With March expirations out of the way, now I wonder in which direction Iomega will trade without the influence of the recently expired March options. Will the April options now "take over" and wield their magic, if any, on the stock for all of April or will Iomega perhaps start trading on it's own regardless of the large number of April puts (13,480 5's at the present) and calls (3040 7.5's at the present)? Bottom line....should I be looking to accumulate at these levels, or should I be selling to prevent further losses? Certainly not an expert in this area....any thoughts out there? Dave

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