Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: George Coyne who wrote (35641)	2/21/1998 12:33:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 61433

How do you figure? Aren't the 35 calls worth 1/2? George, They were able to be sold at 7/16th at closing. However, the spread from bid to ask during the cycle was always 3/8ths on the option until Friday. The Market Makers have a 3/8ths profit in the spread alone and the commission on selling ones calls for 7/16ths eats up most of the income to the owner. Glenn

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