Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Jan Crawley who wrote (47432)	5/22/1998 6:53:00 PM
From: Alok Sinha	Read Replies (1) of 61433

I don't know if anybody noticed the volume on ASND 50 calls for Jan 99 a couple of days ago. Typical volume is less than 50 contracts, but a couple of days ago, I saw more than 2000 contracts traded; it also made it to the list of Most Active Options in WSJ options page. Somebody is making a big bet on ASND trading at a much higher price over the next 7 months, and willing to pay a hefty premium for it. Since I have a substantial stock position in ASND, this information does make me more comfortable with the risk. I can't imagine any significant number of those options were covered calls, given the takeover rumors surrounding ASND. Regards Alok

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