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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Girish Patel who wrote (251)	12/28/1999 1:12:00 PM
From: taxman	Read Replies (2) \| Respond to of 8096

"commissions came to almost $10 per contract!" dreyfus: 1.75 with 15 dollar minimum. edreyfus.com regards

To: Girish Patel who wrote (251)	12/28/1999 1:44:00 PM
From: tekboy	Respond to of 8096

Girish, <<1. You can sell covered calls against LEAPs and create a diagonal spread.>> way above my head at this point. I'm still trying to figure out what a simple call is and how it works... :0) <<I expect it to hold 502 today.>> I have learned that I cannot make any valid predictions about the short-term movements of stocks, only (perhaps) educated long-term guesses based on the fundamentals of the company involved. So I don't trade based on short-term movements, but rather simply look for intelligent ways to ride up with the long-term positive movement I expect... <<3. Are you happy with SCH's options executions? what commissions do you pay for options trades at Schwab? I pulled my account because there commissions came to almost $10 per contract!>> don't know what to compare them to. I posted my experience to date above; now I'm planning to use limit orders for future options purchases or do them by phone. As for the commissions, I have to check that. I believe that as with stock purchases there's a minimum commission with additional proportional charges for large trades. In general, however, since I don't trade much the commissions don't play a large role in my decisions. bubbleboy@don'tlistentome,Iknowjackaboutthisstuff.com