Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.55

+1.2%

Nov 28 12:59 PM EST

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To: Dennis R. Duke who wrote (40350)	3/20/1998 11:31:00 AM
From: Chris Ariens	Read Replies (1) of 61433

See my post from last night - Not only do the 30 calls and 35 puts need to be considered, but all of the other option positions need to be considered as well. The minimum possible payoff on all options expiring today occurs at a price of $30. That being said, I don't believe this is much of a factor at this time. The MM's could make the same profit going short 400,000 shares with a $1 increase as they can by manipulating the market down to 30 for options expiration. It would take a lot more than 400,000 shares sold to get it down to 30. Chris

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