Ascend (ASND) Traders Message Board

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Technology Stocks : Ascend (ASND) Traders

ASND 208.35

+3.6%

Nov 4 3:59 PM EST

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To: Gary Korn who wrote (331)	10/3/1997 11:22:00 AM
From: Nazbuster	of 369

Gary, cut it out! I'm having enough trouble absorbing this concept while thinking of a rising stock... You're frying my brain trying to turn the darn thing upside down in my head to do the same thing while it drops! Before anyone does the synthetic 32.5 position suggested by steve, be aware of this: Break even is 32.5, but you lose 2 points for every point it drops below that down to the lower strike price (the call is worth 1 point less, the put is worth 1 point more, but you are short the put). You gain 2 points for every 1 point above as well (up to the strike price).

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