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Technology Stocks : Ascend (ASND) Traders
ASND 196.98-1.2%3:07 PM EST
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To: Carl R. who wrote (211)9/20/1997 12:28:00 AM
From: Emile Vidrine   of 369
 
"At any virtually any point along the way, whoever held the puts could have simultaneously sold the puts and the stock for more than the strike price. and gotten the money sooner. By holding to expiration, all they get is the strike price. Why would they do this?"

They wanted to hold their shares for long term capital gain. so they bought the puts as insurance against a dip.
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"Heck I wrote some March 60 calls and I am waiting until March to fork over the cash."

I assume you sold covered calls when the stock was near 60. If so, why would you want to hold until March and run the chance of the stock appreciating back to 60? The calls must have very low premiums today.
Why not buy them back and cacel the possibility of the stock running back up?
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As for Monday, only God knows.

Regards

Emile

ps--just read your correction. Now it makes sense.
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