Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joseph Colombo who wrote (40459)	3/21/1998 4:15:00 PM
From: Peter Yang	Read Replies (3) \| Respond to of 61433

Did anyone notice the big volume for April 30 puts (QQAPF)on Friday? The volume was 3342 contracts, which was kind of big. I have been reading "McMillan ON OPTIONS" and just got to Chapter four "The Predictive Power of Options". When I read "A significant increase in the trading volume of a stock's options often is a precursor of movement by the underlying stock", I went to CBOE quote service and checked ASND's option trading on Friday and noticed the unusual large puts volume, which certainly a bearish sign. Would anyone here shed some light on the option activities on Friday? Thanks, I'm not trying to scare anyone here. After I lost so much money last year (mostly on ASND), I have been trying to learn the mechanism about the market as much as I can. Nowadays, I don't make my investment decision on only fundamentals anymore. I think for Tech stocks, the TA is probably more important (FA is also important), as we'll know many (or most?) tech stocks make a round trip every year. I'm on the sideline on ASND, but I want to get back in and make up the losses from last year. But this time, I'll be more cautious and make the decision based on all the information I can gather.