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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Rocky Reid who wrote (2083)	8/2/1999 5:47:00 PM
From: Steve Lamont	Read Replies (2) \| Respond to of 5023

Can anyone decipher this? good/bad? thestreet.com US Airways Options Cause 'Panic in the Pits' By Erin Arvedlund Staff Reporter 8/2/99 1:51 PM ET There were blocks upon blocks, but no clear building theme emerged Monday in options trading. A large institutional investor in Iomega (IOM:NYSE) options crossed a massive trade -- over 16,000 contracts -- via the Philadelphia Stock Exchange on Monday morning. One person at the exchange said only that the investor was "located somewhere north of New York and south of Boston." The person added, "The trade was probably agreed upon between two big firms before it hit the floor. We don't know if they bought them as a hedge against a big block of stock, or if they know something we don't." The August 7 1/2 puts crossed at 3 1/2 ($350) per contract. Open interest totaled 66,479 contracts. The stock was unchanged at 4.