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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (28916)11/19/1997 10:18:00 PM
From: vegetarian  Read Replies (1) of 58727
 
Any thoughts on ASND straddle with DEC 25 calls and puts?
I looked at 1 year ASND chart and it seems that it made a 10 point move between many of those option expirations.
For December will need to move by more than 4-5 points on either side to make money; looks like most likely move to the down side after Nov expiration based on current action.
The calls will protect against any takeover etc.
Thanks for any reading.
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