Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn D. Rudolph who wrote (33721)	2/6/1998 2:45:00 PM
From: hal jordan	Read Replies (1) \| Respond to of 61433

I just sold the last half of my ASND feb 30 calls for 3 1/2. With two weeks left to expiration, I'll take the profit without the risk. Seen far too much happen in the last week ot two of options trading to stomach a rideout to the end for more profit. Hal

To: Glenn D. Rudolph who wrote (33721)	2/6/1998 3:09:00 PM
From: blankmind	Read Replies (1) \| Respond to of 61433

glenn, your comments on reading the options tea leaves when you notice a pattern, and discussing your interpretation adds a dimension to viewing asnd. i hope you continue with theses observations, and explaining in terms us non-options people understand. do not translate a lack of comments on your post as a lack of interest on what you observe.

To: Glenn D. Rudolph who wrote (33721)	2/7/1998 9:05:00 AM
From: Paul M. Rengier	Respond to of 61433

Note the locked market on the 30s. The market makes have been doing this a lot for the last few days. The market makers are short the calls as is typical and would prefer ASND to close close to 30 by next expiration. There may be a bit too much buy pressure causing the stock to stay above 30 and my guess is the market makers are trying to become less short on the 35 calls by offering them at the same price they sell them. This will also encourage the buying of more 35s. My opinion only. Glenn, it would help me, if you could be more detailed on these facts. My english has its holes, so I'm not shure if I get all the informations right. Does the above mean, the market makers may wish 30, but they won't reach that goal? I appreciate your input. Thanks Paul