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Biotech / Medical : Agouron Pharmaceuticals (AGPH) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (3912)	3/9/1998 1:57:00 PM
From: Randy Schmid	Read Replies (1) \| Respond to of 6136

Hi Steve - I also use Waterhouse, their web options trading is $28 and change to buy one option, and a small differential on top of that for more, depending on strike and number of options - it can be found on their website with some difficulty. To do things like simultaneous buy/writes or spreads, etc., without legging in, we have to work with them over the phone or in person. There its $31.25 to play, and $1.25 per extra option beyond that. I sure racked up some nice losses for 97 and 98 trading AGPH options. I've got some May 50s and 55s, and am thinking about writing lower strikes against them, maybe April 45s, to try and minimize some losses. Any thoughts? Looks like billkirn is predicting an upward channel, which would suggest a put credit spread might be more sensible. Or staying out of the game, which sounds MOST sensible... Randy