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

To: KM who wrote (38541)	12/4/1997 6:39:00 PM
From: Spank	Respond to of 58324

Truff: Consorting with the enema, errr, ENEMY? (eom) -Spank

To: KM who wrote (38541)	12/4/1997 8:21:00 PM
From: Teddy	Read Replies (1) \| Respond to of 58324

OT Trufflette, please educate me: what does this mean? - Noble Drilling's January 35 calls were sold earlier in the session by Morgan Stanley. Traders suspect the firm is over-writing a stock position, or selling more calls than the stock in the portfolio. One of the traders said over-writing is a bearish strategy. It also is possible Morgan Stanley is buy-writing Noble Drilling, which means the firm is selling calls while buying the stock. Buy-writing helps institutions lower the cost of buying stock because they get to keep the premium received from selling the options. The January 35 call is down 3/8 at 1 1/8 on volume of 5,010 contracts, compared with open interest of 89 contracts. Noble Drilling's stock is down 5/8 at 32 1/8.