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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?


To: Aaron Weiss who wrote (185)6/25/1998 8:49:00 PM
From: Tom K.  Read Replies (1) | Respond to of 2317
 
Aaron... I just transferred my IRA to them as well and yesterday they sent me the latest fees....

Options:

up to 30 contracts:
$15 + $1.50 per contract

over 30:
$15 + 1.75 per contract

Limit orders:

$15 + $1.75 per contract.

Minimum $25.00

Assignments & exercises: $19 per transaction

The web site works real well for basic orders.

I just became interested in spreads and that's how I came to ask how to use the web page for spreads and was told it's coming. Collateral/margin are the traditional requirements (e.g., 20% + proceeds). When you open an account you have to specify and discuss your trading intentions and they will level your account appropriately to do naked stuff.

Hope that helps.

Tom



To: Aaron Weiss who wrote (185)6/25/1998 9:10:00 PM
From: jjs_ynot  Respond to of 2317
 
Aaron,

If you go with Brown which I use; you want to get Level 6 trading privileges which allows you to do just about anything.

dave