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

To: yard_man who wrote (29357)	1/4/1998 9:56:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Yes, I did mean write puts. What would be the equivalent with the puts of rolling up or out with the calls. You may actually be able to generate a credit by rolling up in some situations. Hard to imagine an analogue with the puts ... Barry, One would write more puts and a higher strike price. Thus, picking up time premium and the maintenance required for the lower price becomes minmal since they are far out of the money. With covered calls, one needs to pay and close those calls and write new ones at a higher price if they wish to keep their shares. This requires additional equity rather than less with writing naked puts. Glenn