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Technology Stocks : Ascend Communications (ASND)
ASND 202.23-4.2%Dec 2 3:59 PM EST
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To: vegetarian who wrote (8005)8/5/1997 3:13:00 PM
From: Saif Saifee   of 61433
 
Carter,

I sold naked puts. I have been doing this for last three months. Some puts expired worthless, some I was put to (had to buy stock) My average cost on stock is @ $42. At this juncture there is not much down side risk. When high beta stock like ASND is in trading rangr for last few months, it is better to sell time premium on put side. I would not sell puts on CSCO at this level.
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