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


To: djane who wrote (52722)8/25/1998 11:21:00 AM
From: Jan Crawley  Respond to of 61433
 
Djane,

Just a few points:

Due to the Arb. positions on Asnd/Sra, short Asnd and long Sra both in shares and options have been played(still playing) by some. This may explain the 4K Asnd Sep. 40 puts spotted earlier.

The Arb. players are constantly adjusting their positions to maximize their "profit margins", this may have increased Asnd's price volatilities in the past weeks or so. (Asnd's relative lower daily volumes are less accommodating to the price adjustments.)