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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: Andreas Wappelt who wrote (19279)	10/27/1997 9:10:00 PM
From: john dodson	Read Replies (1) of 61433

Deep in-the-$ covered call strategy: I'm seriously considering writing some deep in the $ calls on asnd for, say, November or December. Anyone else considering the same? How about a NOV 25 call for $4 5/8 -$5 or a DEC 25 call for $5 1/4 - $5 3/4 Sure I'd lose $ if it's excercised, but I'm losing as it drops every day ANYWAY! Anyone got'ny alternatives -- other than watching your $ go up in smoke! -John Dodson

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