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Technology Stocks : Ascend Communications (ASND)
ASND 202.96-2.8%Jan 9 9:30 AM EST
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To: Glenn D. Rudolph who wrote (9056)8/18/1997 8:47:00 AM
From: Carl Zbad   of 61433
 
Glenn,

<< I have read a lot about how securities often go to the closest strike price on option expiration day and do understand that theory. >>

Could you direct me to some good reading on this subject? I'm still trying to comprehend how options expiry affects stock prices. I believe the effect is real, I just don't completely understand the mechanism.

Thanks,

carlzbad
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