Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ken Pomaranski who wrote (38714)	12/6/1997 4:03:00 PM
From: isdsms	Respond to of 58324

A winning strategy to me. Thanks for all the time you took to explain. Regards, Ira

To: Ken Pomaranski who wrote (38714)	12/6/1997 4:11:00 PM
From: FuzzFace	Read Replies (1) \| Respond to of 58324

Ken, thanks. That was the first clear explanation of how to play an option spread I've read. And that kind of spread is called a "bull" spread right? If so, how is a "bear" spread done? I am woefully options-challenged.

To: Ken Pomaranski who wrote (38714)	12/6/1997 4:17:00 PM
From: KM	Read Replies (1) \| Respond to of 58324

Ken P - OT Did you ever buy back JBIL? What do you think of it now?

To: Ken Pomaranski who wrote (38714)	12/6/1997 5:06:00 PM
From: GGL	Respond to of 58324

* OT * < LONG FEB25 @ 5 3/4 debit & SHORT FEB35 @ 3 1/2 credit. total position is: 2 1/4 debit. Now, I'm in great shape! My break even point is 27 1/4. I MAKE MONEY if Iomega closes above this in FEB. My max profit is 10 points, max loss is 2 1/4 points (my combined debit, if Iomega closes below 25).> Ken, thanks for the option techniques info. I just started to look into the option; haven't start to write any yet. (I called the Chicage broad of Trade yesterday, and they will send me the booklet and video on option trade; I am look forward to see those material) I am completely new in the option trade, as you can see the types of question I am asking below, Can you please explain: 1. LONG FEB25 @ 5 3/4 ---this means you bought the FEB25 @ 5 3/4 and hold them? 2. SHORT FEB35 @ 3 1/2 ---this means you sold the FEB35 @ 3 1/2 ? 3. For stock trading prices I go to such as Yahoo get QUOTE and get the price; but for option, such as IOM, where , which URL, should I go to get the price or is such a thing like "QUOTE" for stock? 4. Somebody told me once, each(1) call or put represents 100 shares of stock is this correct? 5. How much is a call or put ---such as FEB25: 5 3/4, is this mean you have to pay $5 3/4 for one call? plus the fee? If you have time, please reply the above. Appreciated very much for your help. Thank you in advance Gilbert