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


To: hpeace who wrote (24532)11/24/1997 1:15:00 PM
From: Harold S.  Read Replies (1) | Respond to of 61433
 
Steve,
I own 2600 shares of stock at an average price of 39 and 20 Jan 40 CALLS..any specific suggestions?? I don't think my account is approved for naked puts though.



To: hpeace who wrote (24532)11/24/1997 8:14:00 PM
From: Adwiz  Read Replies (1) | Respond to of 61433
 
Some great ideas, Steve. But what do you suggest if your breakeven on ASND is 41? Selling close to the money calls locks in a substantial loss if called away. (I know I should have bought protective puts) Oh well.