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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%3:59 PM EST

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To: Glenn D. Rudolph who wrote (33691)2/6/1998 12:00:00 PM
From: Paul M. Rengier  Read Replies (3) of 61433
 
Let me have a guess. We'll hit 33 1/2 and than fall back all the way to 30 in the next 2 weeks. Options parity is definitively at 30, so the market makers would loose big time if they don't bring ASND down to 30. Afterwards it'll continue its trend up.

So don't sell naked puts now, sell them after the options expiration date . But its a good move to sell covered calls now. The feb. 30 looks juicy.

I'm bullish on ASND in general, but the open interest suggests a short time drop.

Anny comments?

Paul
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