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


To: Linda Pearson who wrote (57055)11/12/1998 2:29:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 61433
 
Here's a great options play on Ascend for those that dare:

If you believe Ascend will eventually be bought:

Buy the stock and sell Jan 01 55s against it.

You can sell the 55s for $17 and change.

The only way you'll lose is if Ascend does not get bought out.

That's a bet I'm willing to take.