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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: CJ who wrote (53920)	9/26/1998 8:38:00 AM
From: dealmakr	Read Replies (1) \| Respond to of 58727

CJ, Also highly recommend Brown&CO. Talk to the options desk in their Boston office to get a feel how orders are handled. In trading options in todays fast moving markets, the thing that is most important to me is quality of execution. Trading the OEX for intradyay plays in a fast market you have to know your status at all times and entry fills and exit fills. Equity plays on high beta stocks such as the internuts also require good executions. Being able to get an answer on the phone for a fill when not showing up on the screen by having them call the specialist takes a lot of the pressure off. Dave

To: CJ who wrote (53920)	9/26/1998 3:56:00 PM
From: Linda Kaplan	Respond to of 58727

I've been more than satisfied with Brown & Co, online. I trade both stocks and options, pretty heavily through them online and the executions are excellent. Options comissions are good, too! I've used them for years and I'm not easy to please. Linda

To: CJ who wrote (53920)	9/27/1998 12:47:00 PM
From: edward miller	Read Replies (2) \| Respond to of 58727

Let me also add that they do have on-line trading, if you like. Another poster (can't recall her name for sure - Linda Kaplan??, but that's just a guess without looking and I apologize in advance if I am wrong) also uses Brown and has been satisfied with their on-line trading, as I recall. I have recently bought 2000 shares of a stock, and at that level the commission is still only $5 for a market order. BTW this is not normal for me. I bought VLSI under 7 1/4 because I think that one is way undervalued. I also work there. This is like a buyback of shares I sold last year, only more. I had to check that one, so I hope you appreciate the effort. Their telephone response time has been good in my opinion. I am not trying to get everyone to go to Brown, as I have no link to them. I found about Brown through a trader who manages some of my funds. Sometimes you will get the answering machine hold problem, but I find them more efficient than any others in my past experience. If they are really busy, you will get the machine response that all lines are busy and that they will get you to the first office in the country which can assist you. They have offices in Boston, Chicago, Denver, Los Angeles, NY, Orlando and Phillie - plus any that might have been added since I started with them (just going by my old info card). I have never had to wait long. No I haven't timed it, but less than 30 seconds most of the time. Now I am sure there have been a few days in the year that I have waited longer, but it is so infrequent that I can't remember feeling put out by the wait. Clearly, they are an efficient order-taking operation. That's what you get from them. If you place a limit order they will give you an automated call back to confirm, if you ask. Sometimes even limit orders get filled while I am still on the line - of course that is when I place an order at the bid or between bid/ask prices where the spread is large. They seem to me to do an excellent job of what they do.