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

To: Glenn D. Rudolph who wrote (35560)	2/20/1998 11:34:00 PM
From: EepOpp	Read Replies (2) \| Respond to of 61433

> You are long 10 contracts and that will remain 10 open interest contracts until you decide to sell your contracts to close. Glenn, does this mean that only the person who initiates the position (either by writing or buying the option) is the only one who can decrease the open interest that he/she has generated? Thanks. Will

To: Glenn D. Rudolph who wrote (35560)	2/21/1998 5:29:00 PM
From: Dex in TX	Read Replies (1) \| Respond to of 61433

Yes. I may be back for more though ... I've been confused by the fact that the OI number doesn't change from day to day even though there is significant activity (usually in equity calls). It is ENTIRELY possible that my provider (I use both the Internet and a Broker) has screwed up since they - E*TRADE - are horrible about things of that nature. However, I do have this question: If I bought a call, didn't someone else "sell to close"? If so, aren't those offsetting and thus the OI would stay the same? ...or, are we just trading the bag of candy that someone else threw on the table and not really "selling to close"? Sorry if I'm rambling a bit - like I said at first, I'm confused by this issue and I think it is an important one that I need to understand.