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Technology Stocks : Ascend Communications (ASND)
ASND 202.23-4.2%3:59 PM EST
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To: tsourdinis george who wrote (16426)10/5/1997 5:38:00 PM
From: hpeace   of 61433
 
you usually unwind a straddle by buying back the naked put first if the stk is up, then that leaves you a call that is too much in the money, so you would sell that call and buy a call that is at the money.

I don't have to cover if it goes the other way since if the stk starts falling you don't have a straddle anymore.
you have repaired.
I suggest that all staddles have a prot. put to insurance no lost.
with asnd you should be selling the 35 put and buying the 30 call all mar 98
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