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Technology Stocks : Ascend Communications (ASND)

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To: Jan Crawley who wrote (38410)3/8/1998 7:06:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 61433
 
TV is time value, and it decreases as options exp. date draws closer. Therefore if one
wishes to close out one's in the money options -- for example, in the money written put,
the best time to do it is on the options exp. date because one only has to pay the intrinsic
value for a purchase of a put.


Jan,

You have that nailed perfectly. I typically do that at 3:58 on expiration day:-)

Glenn
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