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Technology Stocks : Ascend Communications (ASND)
ASND 209.15-1.5%Nov 20 3:59 PM EST
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To: Harry Ehrlich who wrote (24364)11/21/1997 8:14:00 PM
From: jach  Read Replies (2) of 61433
 
<December issue of Bloomberg magazine - buy 1 at the money call and sell 2 out
of the money calls. Your investment is minimal as your premiums from sales pay for your
purchased calls.>

the options premiums are set such that in most cases this is
not going to work.
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