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Technology Stocks : Ascend Communications (ASND)
ASND 197.59-0.8%Nov 7 9:30 AM EST
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To: Bald Eagle who wrote (30415)1/14/1998 7:29:00 PM
From: Alok Sinha  Read Replies (2) of 61433
 
Given the chances of a buyout, I would not sell long term covered call for ASND. However your price (45) is probably high enough that a buyout would likely not result in too much of an opportunity loss for you. I don't see ASND in its current stat being taken over for more than 50 (and even that is optimistic). The volatility in the stock is enough that you can wait for sometime before buying the calls back.

Did you cover your SUNW position or are you still hoping for bad earnings.

Regards

Alok
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