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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%Dec 4 3:59 PM EST
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To: Paul M. Rengier who wrote (33714)2/6/1998 2:36:00 PM
From: Glenn D. Rudolph  Read Replies (3) of 61433
 
QQABG C MAR98 30.0 4 1/2 4 1/2 4 3/4 +1/4 4 5/8 4 1/4 328 10273 QQACF

Note the locked market on the 30s. The market makes have been doing this a lot for the last few days. The market makers are short the calls as is typical and would prefer ASND to close close to 30 by next expiration. There may be a bit too much buy pressure causing the stock to stay above 30 and my guess is the market makers are trying to become less short on the 35 calls by offering them at the same price they sell them. This will also encourage the buying of more 35s. My opinion only.

Glenn
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