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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. Shankland who wrote (56352)10/21/1998 7:29:00 PM
From: Sundar Rajan  Read Replies (1) of 61433
 
Covered calls can be a useful ploy to suck in excess premiums due to high volatality days such as earnings. I sold ASND Dec 50 calls the day of the earnings for 5 1/4 (it was trading @6 that day) and bought them back next morning for 2 5/8.
I did similar stuff with LU,AOL & DELL last qrt but LU has been beaten back so i was nervous about doing it today.
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