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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (7966)	7/27/1998 12:30:00 PM
From: Daniel Liberty	Read Replies (2) \| Respond to of 14162

Hi folks, I've been lurking here for sometime and have learned a lot from all of you. I have dealt with options a little bit in the past with mostly bad results. I like the sound of the strategy of selling covered calls. I am reading and learning. (About half way through McMillan's book) I called my broker, which is Fidelity, to get an understanding of how they handle option orders. I was told that to establish a spread I would have to go through a broker and pay two full service commissions. (About $75 for the spread I was considering). Does Ameritrade or any other brokers allow you to do this on the internet and save on the commissions? Any recommendations? Also, has anyone traded covered calls on Phillip Morris (MO) and does anyone think this is a good candidate. Appreciate any, and all, advice or thoughts. Good trading. Dan