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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST
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To: mark alan rosenberg who wrote (20246)10/31/1997 1:45:00 PM
From: taxikid   of 61433
 
to protect himself when selling $25 puts he can buy the $20 0r if available $22.5 puts-
hopefully he writes them near the low of the day and buys near the high and he will have to have the difference in strike prices in his "margin" account-
very very precise game with limited upside but it may be like shooting fish in a barrel if he times it right.
taxi
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