How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Mark who wrote (4229)	8/30/1997 12:49:00 PM
From: Tony D.	of 14162

Mark, I started with Waterhouse in JUly and opened an accout with Pacific on Aug 1. I DO NOT want a full commission broker. In the past I purchased the "stock de joir" and LOST, LOST, LOST. (In case the spelling is wrong, I had spanish in high school, not french.) My main reason for opening up a second account was that accessing Waterhouses Web Broker is slow, cumbersome, and a pain in the neck. Pacific is quicker. At Pacific, I pay a $15 commission on stock or option plays. What are you paying. I pay $15 when I buy the stock, $15 when I sell the call and if I get called out, I then pay the regular rate of $29....$59 for the total play. The smaller the quanity, the more you need a discount broker. This is not an advertisment for Pacific Brokerage Service, which is being purchased by Mellon Bank. The only one I would stay away from is E-Trade. I am continuously reading complaints about them. Tony D.

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