Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.01

-0.8%

3:59 PM EST

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To: username who wrote (33041)	2/3/1998 11:31:00 AM
From: Gary Korn	Read Replies (2) of 61433

Pete, I just got a call from FIDO to advise that 12 of my March 45 naked puts had been exercised, giving me 1,200 more shares of ASND (at a price of 45) offset by about 12 points per share from the sale of the puts (making the effective price of the stock about 33/share). What with ASND now on an uptrend, why would anyone exercise the puts now? I'm actually happy they did, but I'm at a loss to figure why. Gary Korn P.S. I sold these puts long ago, when ASND was trading at about 36 or 37.

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