Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

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To: Glenn D. Rudolph who wrote (14739)	9/27/1997 9:56:00 PM
From: Carmine Cammarosano	of 61433

Glenn, I hear you...its nice to be able to sell a large contracts that have a large time premium...however, the total amount that you get for selling the put that is far in the money, is so large that I think its a trade off...lets take for example the Jan '00 $60 puts for ASND...someone appears to have sold them for $26 7/8...considering how hard ASND has been beaten up and how good the long term prospects look for the networking industry, I think it's an OK move to sell those puts and collect, even though the time premium is small...ie sell in the money puts when the stock has been beaten up and you are confident that the stock will come back...

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