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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (37966)	10/8/2000 9:43:33 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Ian, BTW, I've noticed that Dreyfus Brokerage, www.edreyfus.com, has better commissions and service on options than any other broker. I've used Dreyfus (formerly Pacific Brokerage) for more than a decade. They charge 1.75 per option contract with a $15 minimum. Thestreet.com's recent survey of online brokerages rated them #1 for ease of option trading. I am considering selling out-of-the-money leap puts of a basket of semiequips. At US $15.75 per 9 contracts commission, I think the transaction cost is minimal, as long as the contract is sufficiently liquid. Of course, these are not the only factors to consider. <g> But with the downside protection and the income it provides, a put write program offers a reasonable alternative to a straight buy and hold approach IMHO. Sam