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

To: satish kamat who wrote (26806)	12/7/1997 10:49:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

Wondering how are playing ASND, since you had shares as well as sold naked puts. Particularly are you focusing only on long term or are you using the volatility of this stock also? Satish, I was burnt badly with the naked puts I wrote on ASND and COMS. I am playing the takeover rumors buy buying near term calls on dips and selling on peaks. I am leaving my other shares and unassigned puts alone. I also wrote some naked puts at a 30 strike price for Jan 99. I am using the same strategy with COMS at present. I have a lot of equity to make up. Glenn