Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (16479)	10/6/1997 11:23:00 AM
From: Nazbuster	of 61433

Glenn, thanks for all the clear info on options! I'll be doing the bulk of my reading over year-end (2 books and the Elder workbook). I just looked at the ASND March 35 puts: $5.00. I see what Steve means! This is a NICE HUNK OF CHANGE to cut the average cost on ASND for someone who believes the recovery will be in good order by then. I have my protective puts (cheap) for my 1000 shares, a few calls for some leverage since my avg cost is still too high but I'm outta cash! Selling puts still worries me since I'd have to liquidate something to absorb the loss in the event the stock is down in March. I'll wait until I have a better overall understanding.

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