Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: zyx1996 who wrote (56398)	10/22/1998 10:15:00 PM
From: TimeToMakeTheInvs	of 61433

Hi zeren, their reply was correct. Many people who first sell puts think they can only be exercised at expiration. My understanding is that if puts are being exercised, all the available sellers of those options are placed in a huge orange and black hat with a funny face on it (Octobers puts only) and those whose names are drawn out of the hat, by a skelaton (sp?) wearing gloves, at random are assigned. Some people consider the number of outstanding puts when selling or rolling one over in addition to the premium. Hope this has illustrated the scientific market making which takes place! tim

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