Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ricky who wrote (36540)	2/26/1998 4:09:00 PM
From: Gary Korn	Read Replies (1) of 61433

I own 20 Mar 40 calls and am considering purchasing an additional 30. I would appreciate your short term view of where this stock is going. Rick, I'm infamous for my short term timing, so take this with a grain of salt, but I would (1) not buy any more Mar 40 calls and (2) sell those you have. If you are bullish on the stock, and you want to do it through options, you might instead write Mar 35 naked puts and take in time premium. I say the above because I think there is a real chance that ASND will not close March expiration above 40. If that is so, then your Mar 40 calls are just going to lose and lose time value during the next three weeks (it is all time value now, no intrinsic value). This is just my opinion, and you have to make your own decisions. Gary Korn

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next