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

To: jas cooper who wrote (23361)11/13/1997 8:29:00 PM
From: Glenn D. Rudolph  Respond to of 61433
 
Tell me again, if you sold puts at considerably higher prices, is your only option to pray, or do they still have some trading value if they are far enough out? Is there any way to hedge your positions? Jas, I bought back some puts I wrote today that were far in the money. I then wrote the same number of puts at a lower strike price but much further out in time to pick up time premium. One may close puts they wrote at any time. Glenn



To: jas cooper who wrote (23361)11/13/1997 10:47:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 61433
 
[puts at a higher strike]

If ascend options regain their volatility premium you may be able to roll them out farther in time, at credit, as they come due, while you straighten out the margin situation in an improving market. You have to watch for it to trade near par or below, then the chance of getting put gets high.

Greg


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