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


To: Ed Richmond who wrote (35643)2/20/1998 5:35:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 61433
 
Ed:

You mean if majority of the 35 call owners elect not to exercise their rights over the weekend, then the MMs will try to unload those shares early next week?

Do call purchase normally includes short-covering in a stock such as Asnd?

Thanks, Jan



To: Ed Richmond who wrote (35643)2/21/1998 12:42:00 PM
From: Glenn D. Rudolph  Respond to of 61433
 

Maybe he is referring to th $40 calls. We all know the 35's are worth a half. I think it is
exchange regulations that they will force exercise options worth 3/4 or more,


Ed,

You are close. Options in the money will exercise if they are in the money by more than 3/8ths unless the option owner makes a request not to exercise.