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 (960)	10/14/1999 12:14:00 AM
From: OX	Read Replies (1) of 2317

Jon, Best of luck on your trade. If you trade w/ Preferred, do yourself a favor and sign up w/ one of their retail brokers to enter spread orders. I was always found it a hassle to talk to one of the 'if-available generic' phone brokers, so I found myself an options broker on their retail side that I have a dedicated line to. I've also found that, especially if you're going to leg into spreads yourself using their app, go an extra step and get yourself approved for naked option writing. Not so you can write 'em, but so that you can leg in/out on either side w/o restrictions. The other major benefit of this is that you sidestep all the annoying delays w/ their electronic "checks and balances" before they pass your trade on to the exchanges. This is a big time saver when legging in yourself.

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