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

To: Michael M who wrote (8357)	3/17/1999 6:48:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 10072

Michael, A very large position in PUTS is usually viewed as a positive by conventional wall street 'wisedom'. So I think the large $5 PUT open interest will act like a safety buffer to keep IOM just over or at $5 while this overhang lasts. There are 23000 contracts that expire this week and 12000 or so $5 PUT contract lined up for April. The April expiration may be tricky, as IOM has a history of announcing quarterly results on the evening before options expiration.... Ben A. ez-pnf.com