Ascend (ASND) Traders Message Board

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Technology Stocks : Ascend (ASND) Traders

ASND 201.08

+2.6%

Nov 11 3:59 PM EST

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To: Richard Strutz who wrote (24)	9/4/1997 8:28:00 AM
From: Carl Zbad	of 369

Richard, << I just bought calls on Sept. 50 >> This is enormously risky. If I were buying calls at 50, I would buy the Dec, or at least Oct. In fact, if you're looking to capitalize on a quick pop, you might do better buying the Sep 40 calls. I like ITM options. I bought the Oct 40s, just in case it goes lower before popping. ASND has a history of closing on options expiry near the strike price that wipes out the most options. It's too early to tell where that will be in Sep, but it is likely to be 45. ASND might spike above 50 in the next 2 weeks if more upgrades come, but I think it would be a lot safer to give yourself more time. JMO regards and good luck, carlzbad

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