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

To: sheila rothstein who wrote (37341)	11/24/1997 11:28:00 PM
From: Linda Pearson	Read Replies (1) \| Respond to of 58324

Japan -5.08%, Hong Kong -2.07%

To: sheila rothstein who wrote (37341)	11/29/1997 7:24:00 PM
From: Philip Eskelin	Read Replies (2) \| Respond to of 58324

Basically buying 30 calls on IOM Dec 35 (symbol: IOMLG) translates to buying 30 contracts that allow me the option to buy 100 shares of IOM at 35. These contracts expire in the third week of December. This means I have the option of buying 3000 IOM at 35 till late December. These contracts cost me an average of 1 dollar each (meaning I spent $3000 for 30 contracts because the price actually accounts for 1 share of the 100 the contract covers). If I actually wanted to exercise these contracts, then I would hope that the real price of IOM was above 35, since my option to buy at a lower price that the current price means I could immediately sell and make money. I don't plan on exercising, though. What I can do is trade these calls almost like stock. If I buy at 1/contract and the stock jumps the next day close to or above 35, I can double or triple my money. The downside is that one newsbreak that has no affect on IOM could send the price into the high 20s and I could lose all my money. It is very risky. I learned to play options and it cost me my entire portfolio in August. True, it was "play money" and a hobby, but it's still not fun losing 30K in two weeks when you think about what you could have done with it. That is my warning -- don't play options unless you want to lose all your money! Now I focus exclusively on IOM and have an 90% success rate. Slowly but surely I'm building it back up, but that could all go away too... RE Goldman, I'm working in their Equity Institutional Sales group as a technology consultant. The day of the crash, the guys up stairs were just a little bit more tweeked than usual <g>. All the best Doc, Philip