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: James A. Venooker who wrote (53418)	9/1/1998 1:00:00 AM
From: Jan Crawley	Read Replies (2) of 61433

Hi Jamie, The writting of Asnd Oct 40 puts with $7 will give me an obligation to buy asnd; on Oct option expiry date, for $40. B/C I will be receiving $7 premium, therefore the effective purchasing price will be $33. If on Oct. option expiry date, Asnd closes on/above $40, then I will just keep the $7 premium. If I am bullish on Asnd, then it's a win/win strategy for me.

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