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

To: Wesley Zega who wrote (21834)	11/7/1997 12:32:00 PM
From: taxikid	Respond to of 61433

there are only a few strategies that make sense- obviously you don't want to average down or you would see this as a buying oppty- there are two thing i have to ask you- 1) is your position large enough to write calls against- and if it is what price would you wantto sell your shares at? obviously right now the 25 calls have the best premiums- on one side are you prepared to hold for a year or 6 months? on the other what is the absolute most loss you can withstand- i prefer to discuss this in private as opposed to on the public thread writing calls is the safest bet- since you own the stock- and if you write lets say the 30s and the stock=<30 you get to rewrite for next month- you may lose the stock if it goes to 25 at expiry and you write 25s- but looking at todays price you may be happy doing so- but if you have less that 1k it makes little sense to pay for comm. to write the opts. taxi