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

To: Randy Schmid who wrote (3913)	3/9/1998 6:37:00 PM
From: Steve Fancy	Respond to of 6136

Thanks Randy, I'll look into Waterhouse also. The necessity of using the phone for spreads and more complex options trades is one I hadn't thought about, I'll have to check the others. Have you checked into Discover. They're the old Lombard, that merged with Dean Witter than was bought by Morgan Stanly...rated #1 by Smart Money and Barrons. As far as AGPH, well, despite several good trades back when the stock was more volatile, I got in trouble right after the 1st blow-out earnings, did what I've learned not to do, and sold puts immediately the next morning...20 Nov 55's. Didn't follow other rules of mine and ended up really stuck, bumped em out to May 55's at 17 something. Got put 1000 shares at 29 I think it was. Sold the stock and sold 20 May 40's at 11 1/4. So besides 3K shares of stock averaged at about 45, I've got 20 May 40's still outstanding, and 10 May 55's. I am hoping the 40's will expire worthless, and will either take whatever loss on the 55's or bump em out depending on the circumstances at the time. I do believe we'll continue to recover slowly. Thank god for TBR, the brazilian telephone company. sf