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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: gil schmidt who wrote (7845)3/2/1999 4:03:00 AM
From: David S.  Read Replies (1) | Respond to of 10072
 
Gil, All those May 5 puts at 1/2 were bought by people fearful or glad in predicting IOM will go lower than 6, and they were sold by lots of people wanting to get IOM stock cheap at 4 and 1/2 or wanting to collect on the fear out there that it will go lower even though they think that it won't go lower. Which are you? If I was an insider and knew the company would do well, selling puts would be a safe bet.

Regards, David S.



To: gil schmidt who wrote (7845)3/2/1999 1:32:00 PM
From: Michael M  Read Replies (1) | Respond to of 10072
 
Gil....Your 'put' alert caught my eye. According to data I just reviewed, open interest in IOM puts is as follows.....

March 5, 22,986

May 5, 28,983

May 7.5, 51,408

Action in both May contracts remains active today (though nothing near levels you reported).

Must mean "something".....hope it's the guys in white hats trying to pick up some sucker money, as suggested earlier.


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