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


To: James A. Venooker who wrote (53418)9/1/1998 1:00:00 AM
From: Jan Crawley  Read Replies (2) | Respond to of 61433
 
Hi Jamie,

The writting of Asnd Oct 40 puts with $7 will give me an obligation to buy asnd; on Oct option expiry date, for $40. B/C I will be receiving $7 premium, therefore the effective purchasing price will be $33.

If on Oct. option expiry date, Asnd closes on/above $40, then I will just keep the $7 premium.

If I am bullish on Asnd, then it's a win/win strategy for me.