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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: JimsJeeps who wrote (11117)	6/29/1999 11:39:00 PM
From: Jon Tara	Read Replies (1) of 14162

JimsJeeps, it is common for brokers to not charge multiple commissions when an order is broken-up and executed in a single day. It IS common to charge multiple commissions if they are not all done in the same day. (One commission per day.) Of course, you should ask your broker. Sounds like you did, and you should believe them. If it turns out not to be the case, just hold them to what you were told. That said, I'm not sure why you expected your order to be executed. With the bid/ask at 1/8 by 1/4, you weren't entitled to a fill at 3/16. You might have gotten one, out of the goodness of the specialist, but he certainly didn't owe it to you. The fact that there were trades at 1/8 doesn't mean you were owed one either, since those could have been (probably were) the specialist buying.

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