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Non-Tech : Waterhouse Securities
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To: Bill Fischofer who wrote (384)3/14/1998 6:20:00 PM
From: VincentTH   of 2076
 
I traded options at Waterhouse and at Fidelity too. IMHO, trading
options is a little bit more pricey at Waterhouse than at Fidelity, or say PBS (Dreyfus). I pay somewhere betweem $30-45 for 5-10 options trade at Waterhouse via WebBroker, whereas the same trade at Fidelity with Spartan pricing is around $28 (I like the $15 comm on a buy/sell-2-close trade). PBS have better options price yet.
Service at Waterhouse is superb, but again, it depends on your local branch, because you have to deal with them.
I hope that Waterhouse would lower their Options price, 'cuz they are now one of the discount brokerage that charge high option commission.

P.S. Today's Barrons' has an article comparing Discount Brokerages, but they keyed on Stock trading, and did not mention Options.
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