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

To: JH who wrote (59739)	2/5/1999 9:26:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 61433

IMO, selling short out-of-the-money LU calls against a long position in ASND is a great way to make money. The arb spread of $6 represents a terrific opportunity to short LU's volatility when it rises (ie. NOW). That I do agree!! I have 200 LU shares and 1K Asnd core shares. Sold 2 LU Feb 120 for $7 premium a few weeks ago. Will look for oppt. again. Bought 400 Asnd trading shares yesterday; but selling LU June call maybe interesting. Please feel free to update your ideas. Btw, "shouting go Asnd" with clear explanation of one's trading/investing strategy is not hype here. Have a nice vacation.