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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: gbh who wrote (45204)4/24/1998 9:25:00 AM
From: Xerxes Wania  Read Replies (2) of 61433
 
Options with ASND (my 2 bits)
<< Alan, can you please outline a good options strategy for ASND given the following criteria:

1) Very bullish
2) I see 60 or higher by years end.
3) Have $2K of high risk capital.
4) Broker charges roughly $30 for 5 contracts or less.
5) I continue to accumulate long shares on dips.

Thanks, any help is greatly appreciated. >>

Given the data above, you should play an option spread.

Buy the Jan 99 LEAPS 40 C
Sell the Jan 99 LEAPS 60 C.

This will reduce your out of pocket $$
OR/AND
Since you already own some ASND shares you should be writing
covered calls for out of the money short term maturity i.e.
May 45 C.
Just my 2 bits.
XW
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