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


To: Wesley Zega who wrote (35639)2/20/1998 5:18:00 PM
From: Gary Korn  Read Replies (2) | Respond to of 61433
 
Are you implying the option losers are going to punish the stock?

Wesley,

I think Jeff is saying that, with expiration over and done with, the MMs (who took in the premium and would have had to pay out proceeds had the options expired "in the money") will not be adverse to an upward run.

Incidentally, I had some Feb 35 naked puts that I wrote and that expired worthless, which is well and good by me, though I would not have minded had some additional shares been assigned to me.

Gary Korn