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Technology Stocks : Ascend Communications (ASND)
ASND 207.30-0.9%3:26 PM EST

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To: Roger A. who wrote (24040)11/19/1997 3:47:00 PM
From: Thomas M.  Read Replies (2) of 61433
 
The theory holds that the sellers of options will drive the price of the stock to a level that will render the greatest possible number of calls and puts worthless. While 30 appears to be the strike price that meets those criteria, it also seems to be too far away to warrant the effort. It would require substantial capital to drive ASND up to 30 at this point, and 25 is almost as desirable for the option sellers, anyway.

Tom
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