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Technology Stocks : Ascend Communications (ASND)

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To: Chris Ariens who wrote (38830)3/11/1998 10:31:00 PM
From: Gary Korn  Read Replies (4) of 61433
 
I like the April 40 calls now

Chris,

I don't like call writing generally, as most expire worthless (I prefer writing puts and taking in time premium rather than paying it out). But it's great that you are making money with them.

My specific concern with the April calls (or puts) is that they expire the day after ASND reports 1Q earnings (though this date is becoming harder and harder to nail down). It therefore could be a wild ride on Friday, April 17.

Gary Korn
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