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

To: Jan Crawley who wrote (38327)	3/7/1998 11:59:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

what does C_TV mean? C-TV is the theoretical call value as calculated by the Cox Ross Model. Before you ask, CHR is the Hedge Ratio (defined as the change in the price of the option for a 1 point change in the underlying price). This probably is a pretty useful piece of information for anyone wondering how much a call will move up based upon a move in the underlying security. A ratio of 99 is equivalent to a 1:1 move. A ratio of 5 (for the ASND 40 Call) means that a 1 point underlying move gets you just 1/20th of a point upside on the March 40 call. Gary Korn