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


To: Glenn D. Rudolph who wrote (33693)2/6/1998 12:12:00 PM
From: Paul M. Rengier  Read Replies (2) | Respond to of 61433
 
You have me confused. Why not sell your shares and write Feb 30 naked puts instead of selling covered calls at a strike of 30?

Glenn, simply, selling naked puts is a bullish move, while you expect ASND going down short time. Selling the shares could make your gains taxable.

sorry for confusing you.

Paul