Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.98

-1.8%

Dec 26 9:30 AM EST

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To: Finder who wrote (8972)	8/17/1997 1:22:00 PM
From: Glenn D. Rudolph	of 61433

Today just shows why options should be outlawed. Drove market down over 120 points in lasy 30 minutes once sell on close imbalances were announced. Finder, I have read a lot about how securities often go to the closest strike price on option expiration day and do understand that theory. However, I am not a bit clear on why options will cause the buy/sell imbalance on expiration. I would really appreciate an explanation when you have time. I am too dense or something but cannot seem to grasp that connection. I know you do not like options. I prefer not to trade stocks that do not have options. The premiums gained almost always off-set a loss if the underlying security goes the wrong way. Thank you in advance for any information you can provide. Glenn

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