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

To: KM who wrote (36135)	11/17/1997 4:55:00 PM
From: Gary Wisdom	Respond to of 58324

Truff, one more thing on options, and I'd like your opinion . . . 1. NEVER listen to your husband. That's your first mistake. We (men) are usually wrong (ask Rocky). 2. The premium on the Feb 25s are incredibly meager. That's a fact, Jack. However, in my mind, I see the premium expanding after the split. For example, at the current bid of $7.50, the premium is $1.625. After the split, the strike will be 12.5. With 2 months left (post split), there has to be, all other things remaining constant), a minimum of $1 premium on the calls. This is in effect $2. An expansion of premium with nothing else. So, wouldn't these be great options to hold? I would really appreciate your position.