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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?

To: David Lind who wrote (798)	1/6/2000 1:14:00 PM
From: rrufff	Read Replies (2) \| Respond to of 1235

Trying to get feel for brokers that PUT Sellers use online. So far my research indicates that Brown - cheap and decent for options, margin for put writing seems to mirror the CBOE booklets. Service questionable especially if one is a daytrader in equities. Dreyfus -- cheap and encourages options. However, their margin is 50% of underlying which is steep. Preferred Trade and Cyber Corp- cheap and this may be wave of future. However, they require $100,000 in account before writing options and I'm reluctant to do this with an outfit with little history. (I may have mixed up these two, sorry if that is the case.) Waterhouse -- decent executions. Commissions not low. Margin standard CBOE. Quick & Reilley - decent executions. Commissions on options are high.