Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.33

-3.2%

11:49 AM EST

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To: Carmine Cammarosano who wrote (43758)	4/11/1998 6:26:00 PM
From: Greg Jung	of 61433

Carmine, when a market maker redeems an in-the-money call at or below par he will simultaneously short the stock to keep delta at zero. Inverse effect for the puts. Since #puts is about 1/5 #calls the pressure is down. That's the theory, anyway, I don't have a strong opinion on its validity. However there is traditionally a good deal of analyst's negative remarks that seem to come on options week. If you're looking to buy stock on a big dip, though, the week after seems to have been even better than friday. Asnd dipped to near 37.5 before bouncing, is that a strike? Maybe signals the friday endpoint. Greg

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