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Technology Stocks : Ascend (ASND) Traders
ASND 197.59-0.9%Nov 7 3:59 PM EST
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To: Carl R. who wrote (198)9/19/1997 1:54:00 AM
From: Brad Hill   of 369
 
and 22074 puts in the money. As these get cashed out this should exert substantial upwards pressure on the stock tomorrow...

Sorry to ask a naive question--I'm trying to learn about expiration day dynamics. Why would cashing out puts exert upward pressure on the stock? doesn't cashing out a put involve selling the stock?

Thanks,

-- Brad
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