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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (1103)	1/8/2000 2:32:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 2317

I legged-into the OEX as well. Actually, I didn't get such a bad deal on the OEX either - it was the second QQQ spread (the 180-190) where I goofed. The 180 was mis-priced, and I sold it for nearly a full point less than I should have! I just did a market order and didn't stop and think. I'm going to call my broker next week and see if we can work something out to give me access to a retail broker when needed. (Instead of the online phone drones.) Their policy is a higher commission on ALL trades, but that wouldn't be practical for my NASDAQ day-trading. Hopefully, they will recognize how much they are making (typically $200+/day) and that it would be advantageous to keep me as a customer... I don't mind paying their retail commission rate for option spreads but CAN'T pay it for NASDAQ day-trades! (I am definately over-trading, but am not going to argue with what works - closed 1999 +600%..., er +666%, actually, please DO NOT read anything into that! :) ) I am determined to learn how to trade spreads. It is the absolute anthesis of NASDAQ day-trading and the short-term (1-2 week) call-buying that I did earlier in the year. (Both successful, but for whatever reason I switched from multi-day call purchases to day-trading stocks toward the end of the year, as it seemed to be working better.) I think learning to do spreads will teach patience, LOL!