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

To: Jan Crawley who wrote (46580)	5/11/1998 12:40:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

By the way, are you doing anything w/your Intc. Very frustrating! I never pulled the trigger in the low/mid 70's. I seem to recall Ashley got some right around 72. I was greedy and wanted 70. Never got there. :( I did buy some CPQ down there though, in my IRA. Check back with me in a few years on that one. :) Gary

To: Jan Crawley who wrote (46580)	5/11/1998 3:04:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 61433

Jan, why didn't you just sell the $45 calls? Gary, I would like to get $2 premium for the May 45 puts (sometimes this week). I am thinking about 5 contracts at a time for the puts, or 5 puts and 500 raw shares. I sold 1K shares today. You could get the premium now - whatever the premium is. The put premium goes way down as soon as it is out of the money. Your risk situation is the same, Ibelieve. - If the stock is at $40, you buy it at $45. If it is at $46, you just pocket the premium and you have no stock. For the calls, if stock is at $40, you have the stock and pocket the call premium (which is more generous than the put premium) and if you only paid 1 commission not 3. Greg