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


To: Gary Wisdom who wrote (45724)1/26/1998 9:44:00 PM
From: Naggrachi  Respond to of 58324
 
<<Can you believe any one was stupid enough to pay 1/16 for the Feb 15s today? Got one better: someone bought the Feb 17.5s for 1/16 when they could have bought the Feb 15s for the same price>>

Pardon my ignorance, but, what does the above mean. :-(

Zead



To: Gary Wisdom who wrote (45724)1/26/1998 10:11:00 PM
From: John M. Hammer  Read Replies (1) | Respond to of 58324
 
Gary,

Some of those buyers might have been buying back options which they had written so as to free up margin in order to write other contracts.

John