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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Roy Travis who wrote (11712)	10/22/1999 11:18:00 AM
From: FruJu	Read Replies (1) \| Respond to of 14162

Thanks for those rating links Roy... Very, very helpful. Which broker do you use, out of interest??

To: Roy Travis who wrote (11712)	10/22/1999 11:52:00 PM
From: NateC	Respond to of 14162

I called AmeriTrade about whether they would do a Buy-Write. They emailed back a couple of inane responses that made me wonder if knew what a BuyWrite actually was. I did get the sense tho that you could phone in a BuyWrite. However I'm sure that unlike the old days...you can't do a BuyWrite, and get the stock at Ask, AND the Bid at Ask...so it may be a moot point. I pulled some confirmations from A Trade....don't know their schedule for commissions, but: bought 4 put contracts....$29 sold 8 CC's....$35.10 sold 20 CC's...54 bought 12 calls $41.40 sold 10 calls......$38.25 bought back 10 calls $38.25 bought 20 long calls.....$54 Don't know what this formula is...but it looks like $38 for 10 option contracts, and $54 for 20 contracts maybe $38 for 10, and $1.70/contract over that? There's one thing, tho...somehow they don't nearly give the fills that Dreyfus does. Dreyfus is rapid/lightning fast, and often fill when I split the bid/ask....and sometimes give me a BETTER price than the limit price I put on. I have a feeling that Dreyfus somehow is able to shop the various option exchanges before placing the trade...and I know for a fact that Atrade either randomizes which one they send it to( they told me this)....OR,as I suspect, they send it to the exchange they have the best deal with With Dreyfus bought 5 calls.....$15 sold 10 calls.....$17.50 I believe their schedule is $17.50 for 10 (minimum is $17.50) and $1.75/contract after that