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


To: akidron who wrote (15092)1/27/1998 4:48:00 PM
From: SMALL FRY  Respond to of 70976
 
Akidron,

I don't know what to tell you... I'm new at options and all I did was ask Waterhouse for .ANQCF and voila, I got it @2 7/8 yesterday...just 5 contracts...like I said I'm new...beginner's luck?!

Best,
SF



To: akidron who wrote (15092)1/27/1998 4:54:00 PM
From: SMALL FRY  Read Replies (1) | Respond to of 70976
 
Akidron,

Correction, correction...

I had to call my broker on this...ANQCF which I got is Mar30, NOT 32.5. Boy, do I feel like a real dork??? And my wife trust me with this money...<<<g>>>

Best,
SF



To: akidron who wrote (15092)1/27/1998 7:28:00 PM
From: SMALL FRY  Respond to of 70976
 
Akidron,

<<<OT>>>
Re: Mar32.5
You really got my interest and I learned from it. After a long wait, I finally got to the broker who serviced my purchase to clarify some of the details, since I wanted Mar32.5 instead of Mar30. To make a long story short, I'm eating this Mar30 since I initiated the error(reading off ANQCF instead of ANQCZ from the CBOE table). His explanation was this: a miscomm... he had a previous purchase of the same(by his record) so it became automatic from then on...the only change was the # of contracts. I could have complained and made some noise, but I rolled over since this guy has been really nice for the last 5 years I've had dealings with him...and it was ignorance that started the whole thing. Anyway...he said that Mar32.5 is available...he drew a blank about non-standard since it is a standard Co issue.

My lesson...listen for the repeated confirmation by the agent/broker.

Next lesson...the on-line order form (where I ordered my Feb30) would've been better since it matches symbol and strike price automatically and could 've prevented my slip up<<<faux pas>>>.

Finally, check and recheck...and thank the ones who catches the mistake.

THANK YOU,
SF