Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Jan Crawley who wrote (45056)	4/21/1998 7:09:00 PM
From: Greg Jung	Read Replies (2) of 61433

Jan, you might consider pushing the options into June 40s and (later) 45s for a $1 or so credit per contract. May premiums in the money are now low to nil, June premiums are high. Of course that would protect you from a drop well below 40, but we all know by now that it is impossible.:) You might as well milk the premiums while you are short. You also might consider outright sale of a portion of uncovered stock and rollover maintenance of the covered shares. If you add a few months to the rollout date you can increase the strike price (i.e. from 40 to all 45s) now that a volatility premium has returned. Greg

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