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

To: Jan Crawley who wrote (34518)2/12/1998 12:34:00 PM
From: Bald Eagle  Read Replies (4) | Respond to of 61433
 
<<Love to hear some options-influenced-movements analysis/guess from experts on this thread.>>
I'm not an expert by any means, but I'll give you my guess.
Someone posted recently that there are a lot more option at the strike price of 30 versus the strike price of 35.
There is a theory ( I saw it on the SUNW thread ) that the price
of a stock at options expiration tends towards the price at which
most pain is inflicted i.e. the price at which most options expire
worthless. If this holds true, ASND should be at +/- 30 on the close on Feb 20th. Of course, this doesn't always happen, but I hope it does, then I can buy back at close to 30.



To: Jan Crawley who wrote (34518)2/12/1998 3:34:00 PM
From: Paul M. Rengier  Respond to of 61433
 
Love to hear some options-influenced-movements analysis/guess from experts on this thread.

Jan,

I'm not an expert, but I have an opinion, which now (only some hours later) seems to prove wrong.

I sold 15 contracts of march 30 calls.

And I sold 2500 of my NSCP @20 7/8.

... still making money anyway.

Good luck

Paul


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