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


To: Greg Jung who wrote (46599)5/11/1998 5:34:00 PM
From: BMC  Read Replies (2) | Respond to of 61433
 

>Options expiration will pressure the price towards 40, you ought to be able to write 40 puts sometime soon.

How do you explain this?
As an options amateur, I'm not understanding the rationale.
And are you referring to June (and beyond) 40 puts?

BMC



To: Greg Jung who wrote (46599)5/11/1998 5:52:00 PM
From: Nick Kuritzky  Read Replies (1) | Respond to of 61433
 
I doubt very much that such a heavily traded stock like ASND could be pushed down 10% in a few days because of options. ASND may fall, but not because of a giant conspiracy among MM's to push down the stock. Plus, if anything, ASND indicated strength today-it was down less than the other major networkers.
-Nick Kuritzky