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

To: Tom Gebing who wrote (36131)	11/17/1997 4:40:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

I don't want to give away ALL my secrets, but I feel generous . . . Re: Options trading . . . For any of you that hold Feb 25s at a much lower cost than today's closing price of $8 (hee hee), you might want to look at tomorrow's trading for the following purpose: If the market goes up right off the bat, I would consider selling the December 30 calls. They're selling at a greater premium than are the Feb 25s (I know, I can't believe it either). Worst case, you lose a very little as if Iomega does surpass $34 before December expiration, your Feb 25s will be worth more than enough to offset the small loss you'll take on the Dec 30s. If Iomega stays between $30 and $33 between now and Dec expiration, you'll do great. If by some chance, the market tanks before then, you'll pocket the $3 premium on the Dec 30s and you'll be able to load the boat in advance of the January 28 earnings release. Got that Truff. They are scheduled to release much after January options expiration. Be careful.