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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST

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To: hpeace who wrote (14706)9/27/1997 5:04:00 PM
From: Glenn D. Rudolph   of 61433
 
should I buy the mar98 30 strike calls on ascend on monday. >????????????????? Steve, I am bullish on ASND so I am inclined to take a bulling position. Here is a thought if you are a bullish too. Why not sell The QQAOF (March 30 puts) for ASND for 3 1/4 and buy the QQACF (March 30 calls) for 10 1/4? The QQACF has about a 4 point time premium and you pick up most of that with selling the QQAOFs. You make a profit after one point up and continue from there. You add some risk but ASND under 30 next March seems very unlikely to me. Glenn
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