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


To: Skeeter Bug who wrote (22508)11/10/1997 11:18:00 PM
From: Orhan Birol  Respond to of 61433
 
Skeeter,
If market gives us more of the same; ASND, COMS etc. may make their lows in the next 2-3 weeks. You can buy the Nov 25 puts at very small premium, and the 22 1/2's at small outlay. If the stock has bottomed
and rallied you will loose the premium but will be protected from a drop to 18 or so mentioned here.
I don't think it pays to buy December or January puts, as the market traditionally gets strong end of December and January, and outlays too high.
Orhan