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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (4492)	9/23/1998 2:48:00 PM
From: TradeOfTheDay	Read Replies (1) \| Respond to of 44573

Tom, I am out of the OEWJDs... @ 7 7/8 looking at my astro guru numbers, prob jumped just a tad too fast ... tomorrow is looking better than today ... but Fri lower.... didn't feel that the beta, vix and trin were lining up for me though .. so had to go

To: Tom Trader who wrote (4492)	9/23/1998 4:00:00 PM
From: Patrick Slevin	Respond to of 44573

<the important thing is to have the right desk handling your orders for options > Precisely <As far as the size is concerned, I am a fairly aggressive trader but compared to some others who have in the past posted the number of contracts that they have open--assuming that they were not hyping it-- my trades seem rather modest.> But to the average SI trader they may seem large. What I am saying is that one has to speak to one's audience. If I'm trading 5s and you are trading 50s, well sure.....you are small compared to one trading 500s. But not to me. What I am saying is that I would rather get equilateral treatment. I rarely trade options in groups higher than 10s and I get immediate confirmation. I'm sure you are trading larger than I, and I have had 4 options trades in 10 months, perhaps 5. When I call, they know me, they execute within a minute and I'm done. I hesitate to think I would get that from Schwab as you do. Nothing against Schwab, they are just (in my opinion) "handling" the better customers. You cannot expect what you get now if you were trading small size, I would bet. Again, I know you consider yourself small but compared to most you probably are not. Even doing 25s is larger than RAES takes. So, there you are. If you are doing so much as 11 or more contracts you off the RAES system as I recall it. Not so?