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Technology Stocks : Ascend Communications (ASND)
ASND 207.04+0.7%Dec 8 3:59 PM EST
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To: jas cooper who wrote (23361)11/13/1997 8:29:00 PM
From: Glenn D. Rudolph   of 61433
 
Tell me again, if you sold puts at considerably higher prices, is your only option to pray, or do they still have some trading value if they are far enough out? Is there any way to hedge your positions? Jas, I bought back some puts I wrote today that were far in the money. I then wrote the same number of puts at a lower strike price but much further out in time to pick up time premium. One may close puts they wrote at any time. Glenn
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