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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Gary Wisdom who wrote (35060)	11/12/1997 9:33:00 AM
From: Markas	Read Replies (1) \| Respond to of 58324

GARY, Thanks for the advice. I agree with you to a large extent. I had not found the Dec calls to be very attractive until I looked at the Dec 25s yesterday. Though they carried approx 3/4 pt more premium than the Nov25s the added time let's me sleep better if I find myself forced to wait for a recovery if my initial timing was off. It's certainly a tradeoff. I also like the Feb options but putting all my eggs in a basket that would require an IOM market price of over 33 at Feb expiration has its own risks as well. I've considered trading options nearer to expiration, but will likely hone my trading skills a bit before gaming that way. As we've both mentioned before, there are so many ways to make money with IOM. As for your comments regarding undermarket bids, I do pick my price, and it is generally below both the current ask and bid. Placing a bid between the existing bid and ask is folly as you will only get a fill if the underlying security moves against you. However, placing a lower bid has me right in line for an execution as soon as the "correction" I'm expecting hits. I've had six successful call contract roundtrips since 2/97,zero losers. Not one buy was at the low, nor one sale at the high, but all were close. I'm interested in how my below market bid acts as a "floor" and how that hurts me or my offers chance of being executed. Please enlighten my further. Markas