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

To: Jeff Jordan who wrote (52692)	8/24/1998 3:39:00 PM
From: Jeff Call	Respond to of 61433

Anybody interested in an Ascend October call option? I just picked up 20 SRA Oct 35 Calls at 1 1/2. Essentially the same as an Ascend October 48. (35 / .75 + $1 arbitrage spread). Cheaper than buying Ascend Options, but almost the same upside, unless of course Stratus pulls a CIEN. Any comments? I'm new to the option game, but this looked like a pretty good investment to me given that the perception that LU will make a purchase (whether or not they do doesn't matter) will almost certainly drive Ascend stock up from where it is now...