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To: Jurgen Trautmann who wrote (2916)5/19/1998 12:35:00 PM
From: AlanH  Read Replies (1) | Respond to of 11051
 
Due to the exchange restrictions and Dells volatility, Dell options can no longer be placed via the internet. You can call Dell option orders to a broker or not place them at all that is up to you.

Sounds cheesy. Although my account/s are not abroad, I am able to buy and sell DELL options via internet at will. Volatility should have nothing to do with things -- although you should not expect to receive accurate quotes (or timely order confirmation) during fast markets.

DELL options are traded exclusively on the Philadelphia exchange -- an archaic exchange by today's standards. Maybe Dreyfus simply doesn't want the added headaches?



To: Jurgen Trautmann who wrote (2916)5/19/1998 8:23:00 PM
From: Winsurfer  Respond to of 11051
 
Jury,

One of my co-workers placed a Dell option sell order the other day through E-Trade. It executed, then he place a buy order. It also executed. I believe this was during all that volatility.

Either 1) The restrictions were temporary and didn't fall on the day when my co-worker traded, or 2) Dreyfus has some rules that E-Trade doesn't, or 3) he was giving you a line of BS to cover up a mistake.

Good luck,

The Winsurfer


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