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

To: Gary Wisdom who wrote (36742)	11/20/1997 7:55:00 PM
From: KM	Read Replies (1) \| Respond to of 58324

I guess so. If I had 2.5 mil in expiring tomorrow, I'd be out by now. I don't know about the short interest. Could go either way. I figured we'd be up this time - these folks remember the good old days last year.

To: Gary Wisdom who wrote (36742)	11/20/1997 7:58:00 PM
From: John Alan Wallace	Read Replies (1) \| Respond to of 58324

Just got back from the PX, they have two new computer models from Sony for sale. They both have internal Zips, the first internals I have seen in Panama. The models are PCV-130 and PCV-150 (I think). They look like very impressive machines for less than $1500, they also have 3 1/2" drives. JW

To: Gary Wisdom who wrote (36742)	11/21/1997 2:40:00 AM
From: Joon Song	Read Replies (1) \| Respond to of 58324

I'd like to revisit the subject of the November call options again. Given the strong appreciation in Iomega's stock price we now have virtually all of the CALL options IN THE MONEY. In fact the open interest on all the November call options adds up to 39,721 contracts or the equivalent of almost 4 million shares. Now, one way or another these contracts are going to have to be squared away tomorrow. The call writers must either 1. already own shares to cover the calls; 2. buy shares to cover the calls; or 3. buy back the contracts. The first possibility will have no effect, but both of the later two possibilities should cause upward pressure on IOM share price. How much upward pressure? That's hard to say. It depends on how many shares are already owned by the call writers, and also on how many contracts are actually exercised instead of simply sold back to the call writers. But given that 4 MILLION shares are needed to cover all the calls, I would say the call writers have some buying to do. The above paragraph seems reasonable to me, but then I suppose there are other possibilities. Anyone care to comment on this? Joon From the CBOE as of 11/20/97 4PM EST IOM CALLS: strike Open Interest NOV 12.5 (.IOMKV ) 934 NOV 15 (.IOMKC ) 2067 NOV 17.5 (.IOMKW ) 1246 NOV 20 (.IOMKD ) 3608 NOV 22.5 (.IOMKX ) 2239 NOV 25 (.IOMKE ) 11612 NOV 30 (.IOMKF ) 18015 NOV 35 (.IOMKG ) 3661