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


To: AlanH who wrote (45000)4/21/1998 1:22:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 61433
 
Hi Alan, I wrote Asnd covered May45 (for prem. of $1.5) and May 40 calls(for $2 1/4). Would you like to comment?

Your options observation on Intc was insightful. thanks.

Jan



To: AlanH who wrote (45000)4/21/1998 9:30:00 AM
From: SFgymrat  Read Replies (1) | Respond to of 61433
 
Thanks for your suggestions. Perhaps I should hope for a 50-75% gain instead of a one bagger on the May 50 calls (QQAEJ).

Steve



To: AlanH who wrote (45000)4/23/1998 9:30:00 AM
From: gbh  Read Replies (3) | Respond to of 61433
 
Alan, can you please outline a good options strategy for ASND given the following criteria:

1) Very bullish
2) I see 60 or higher by years end.
3) Have $2K of high risk capital.
4) Broker charges roughly $30 for 5 contracts or less.
5) I continue to accumulate long shares on dips.

Thanks, any help is greatly appreciated.