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Technology Stocks : Ascend Communications (ASND)

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To: Jeff Jordan who wrote (39071)3/13/1998 2:32:00 PM
From: FUZFO  Read Replies (4) of 61433
 
Jeff, According to your info, at +/- $35 next friday, 40,224 march calls expire worthless, while 11,623 march calls are in the money for $11,889,000 total worth.

333 x 15 x 100 = 499500
398 x 12.5 x 100= 497500
1961 x 10 x 100 = 1961000
8931 x 10 x 100 = 8931000
_________________________
Total = 11889000

If they let the price get to $40 it would cost them an additional $9,596,000,((19192 contracts) x ($5) x (100 shares/contract)) 80% more than at $35. IMHO this puppy stays at $35 one more week.
Fuzfo
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