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: ziggy who wrote (41645)	12/29/1997 8:00:00 AM
From: Leo J. Capobianco, DO	Respond to of 58324

Zip Internal IDE 79.99 Surplus Direct WoW!! surplusdirect.com Back up the truck!!

To: ziggy who wrote (41645)	12/30/1997 10:43:00 AM
From: Ken Pomaranski	Respond to of 58324

<< Ken, if your broker ask you close your short FEB35 by some reason after IOM hit 36, Do you need to execise you FEB25 or buy FEB35 back in a loss? >> The only way this would happen is if the FEB35s were at parity with the common. (example: Iomega was trading at 40 and the FEB35 was trading at 5.) This would only happen if Iomega was well above 35 close to expiration. In that case, I would buy back the FEB35s, sell the FEB25s, and pocket a 10 point profit. (It's always best to close a spread when it's near parity anyway. Take advantage of the opportinity cost!) kp