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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: jas cooper who wrote (23361)11/13/1997 10:47:00 PM
From: Greg Jung  Read Replies (1) of 61433
 
[puts at a higher strike]

If ascend options regain their volatility premium you may be able to roll them out farther in time, at credit, as they come due, while you straighten out the margin situation in an improving market. You have to watch for it to trade near par or below, then the chance of getting put gets high.

Greg
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