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

To: jach who wrote (24365)11/21/1997 8:20:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 61433
 
ASND: HAMBRECHT&QUIST decreased estimate for quarter ending 12/97 from $0.24 to $0.23 on 11/18/97



To: jach who wrote (24365)11/21/1997 9:05:00 PM
From: Harry Ehrlich  Read Replies (1) | Respond to of 61433
 
the options premiums are set such that in most cases this is not going to work.

I quickly checked a few options tables and found that the ratio of in the money ask to the out of the money bid was not 2, but larger. Therefore, the sales would not generate enough to pay for the purchased calls. It would appear you are correct. I will check the tables again in a week. Thanks.

Harry


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