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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (1583)	5/12/2000 12:11:00 PM
From: Dan Duchardt	Respond to of 33421

Tazio, Good points!! The biggest cost to the options investor now is the spreads and the backing away. A fully automated options exchange should remove much of the costly manpower involved, thus reducing spreads, and replace all these fictitious quotes with firm prices. By the way, there are already places to get fees well below those quoted in the earlier message. I'm paying a flat rate $1.95 per contract, no minimum, with no strategy restrictions at interactivebrokers.com (I have no connection, other than being a customer). Hopefully, many other brokers will soon follow. Dan