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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: pranadude who wrote (13135)	8/11/2000 8:13:22 AM
From: OX	Respond to of 14162

"spread orders" any broker who handles options should be able to enter a "spread order" for you. I use brownco.com. I think Dan uses interactivebrokers.com, but I'll let him answer for himself :-)

To: pranadude who wrote (13135)	8/11/2000 4:36:38 PM
From: Dan Duchardt	Respond to of 14162

Richard, For now, I trade options in an IRA with Merrill Lynch, and more frequently in a small margin account with Interactive Brokers. I have never even tried to do any combined orders with either of them. My experience with Merrill makes me think it would not likely be a good place for any combined orders. I do all my stock trading online and have to call the option orders in. I've never gotten the feeling the people I talk with to get orders done are that well versed in these things, but since I haven't tried I have to reserve judgement. With IB everything is online. I pull the trigger whenever I choose, so I can usually find an acceptable spread. I've done a few that way with no problem. The biggest potential problem with separate orders is the specialists backing away from quoted prices. It happens all the time, so what you see and what you get are not always the same. I'm more inclined to at least try to leg into a spread and will risk a teenie to an eighth to do it, so having combined orders is not all that important to me. If I needed someone to work an order for me, I would look elsewhere. Dan