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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 (51729)8/6/1998 1:12:00 PM
From: Robohogs  Read Replies (2) of 61433
 
Could be a short straddle - buyer takes in 9 5/8 total and is therefore profitable as long as stock is higher than 45 3/8 or lower than 64 5/8. In effect, also a very bullish trade with expectation set for a $55 close at expiration for maximum profit.
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