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

To: KM who wrote (36440)	11/19/1997 1:19:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

Truff, re: twice as many That's a really good point. I'm still long, but have either sold or written calls on 80% of my position (don't want to be a pig). I love my Feb 35 calls I wrote. IMO, to pay $3.50 for these options is not too smart. It would take a 20% move on the upside just to break even. While I am not saying that this will not happen, it is a lot of money to pay for the chance of it. Once again, in the money calls are really the best bet. The premiums on the out of the money calls are so high. With that said, for those of you that bought Nov 30 calls, congratulations. That took a lot of b_lls and you are being rewarded today. Recall that the Nov 25s had an ask of $4.125 for a long time on Friday. I recommended buying them for a 25% return in one week. I was wrong. It is more like 100%. Whoops.