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Technology Stocks : Ascend Communications-News Only!!! (ASND)
ASND 224.22+1.0%Feb 10 3:59 PM EST

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To: Gary Korn who wrote (345)10/17/1997 6:28:00 PM
From: blankmind   of 1629
 
Dow Jones Newswires -- October 17, 1997

Options Report: Expiration Gifts For Some Tech Traders

By Steven M. Sears

NEW YORK (Dow Jones)--All sorts of malevolent forces are associated with expiration Friday. But traders who serendipitiously held onto calls of certain technology companies get to go home with tidy profits instead of watching their contracts expire worthless.

Ascend Communications October 35 calls, for example, are up 400%, or 1/4 at 5/16 on volume of 9,643 contract, compared with open interest of 23,596. The stock is up 1 1/8 at 34 3/4 on no news.
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