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


To: Gary Wisdom who wrote (35669)11/13/1997 9:47:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Where the hell is Linda? HK up 3%. Where's her report?



To: Gary Wisdom who wrote (35669)11/13/1997 9:51:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Anyone have opinion on this options question?

If I hold 1 Feb 25 call and it is now $6, reflecting a $2 time premium, and after the split, I'll have 2 Feb 12.5 calls.

If the price goes in half, the time premium is reduced on an absolute basis.

But, I don't think this would necessarily hold true. IMO we should still get a $2 time premium, or at least closer to $2 than $1.

Any opinions?

I think that this might be a good time to load up on February calls. At least do it before the split.



To: Gary Wisdom who wrote (35669)11/13/1997 9:55:00 PM
From: KM  Read Replies (1) | Respond to of 58324
 
Gary: It may be cheaper for the shorts to grab but as a dedicated short seller, I can tell you there is no short argument to be made. There are so many beautiful shorts out there, why waste your time and money on IOM?