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

To: James A. Shankland who wrote (21235)	11/5/1997 8:11:00 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

Hey, Anyone notice that Nov 25 calls are still 2 bucks! Even with a close just above $25, and expiration in a little over 2 weeks, these things STILL closed at $2. I guess the perceived volatility is high. If you believe there's a pretty good chance that ASND will spike to 28 or 29, at least briefly, some time in the next 2 1/2 weeks, then being long these options looks like a good deal. And if you believe there's also a small, but not tiny, chance that a merger announcement could pop the stock to 42 overnight between now and expiration .... Look at the call options that expire worthless if the stock is say $30-$34? Got go to work today? JJ