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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Andreas Wappelt who wrote (19279)10/27/1997 9:10:00 PM
From: john dodson  Read Replies (1) | Respond to of 61433
 
Deep in-the-$ covered call strategy:

I'm seriously considering writing some deep in the $ calls on
asnd for, say, November or December. Anyone else considering
the same?

How about a NOV 25 call for $4 5/8 -$5 or a DEC 25 call for
$5 1/4 - $5 3/4

Sure I'd lose $ if it's excercised, but I'm losing as it drops every
day ANYWAY! Anyone got'ny alternatives -- other than watching your
$ go up in smoke!

-John Dodson



To: Andreas Wappelt who wrote (19279)10/28/1997 6:07:00 PM
From: James A. Venooker  Respond to of 61433
 
Andy,

Good point, I cancelled all my buys on ASND today. I am not doing anything in this Las Vegas style market until someone deals me an open 20 against a dealers open 6.

And no, I would never split on 20.

Good Luck,

Jamie