Option Spreads, Credit my Debit Message Board

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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: Jon Tara who wrote (771)	7/2/1999 9:47:00 PM
From: OX	Read Replies (1) of 2317

Hi Jon, The retail rates I quoted were emailed to me by one of their reps; it was a MSWord doc. From what I understand, these rates only apply if you want to enter a spread order via a live broker. As I'm sure you know, if you turn a long call position into a spread, that is different than a spread order; probably why they charge their retail rates for spread orders--just my guess. I sure hope their system can figure out if you leg into a spread, that it is indeed a spread--but you never know <g>. OT: Lack of definitive information is one of my few gripes with Preferred. I hate being told one thing by one rep then a different thing by another. Why can't they just publish everything out front. BTW: It took me a couple of calls to figure out that the people that answer their phones aren't brokers. Fortunately I haven't yet had the need to talk to a live broker, but their "internet support" reps say they will transfer you at will. I almost didn't sign up with them cause the first few times I called w/ questions, I was put on hold so the rep could answer another call in the background--that made me nervous. I've never had any of my other online broker reps do that to me. Weird.

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