Ascend (ASND) Traders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend (ASND) Traders

ASND 197.59

-0.8%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Carl R. who wrote (177)	9/18/1997 7:01:00 AM
From: Carl R.	of 369

Approximently half of the over 40-strike price puts have now been closed, and the number of Sept 35 calls have tripled in the last two days. This decreases the options pressure for a 40 close on Friday, but pressure still exists to move the stock towards 40 as there are still 14,523 40-puts as compared to 7858 35-calls, and 8189 >40 puts compared to 1703 <35 calls. This creates a buying pressure of about 1.3 million shares in the next two days. Now that volumes are falling this buying pressure could begin to affect the price. Also, due to the huge number of Sept options in or around the money that are still open, expect the stock to continue to be extremely volitile as option writers continue to stay hedged. Carl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next