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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: jebj who wrote (1556)	12/8/1998 3:36:00 PM
From: Tanner	Read Replies (1) \| Respond to of 3216

Even if Cyber starts offering the ability to execute every option play available (straddles and all).....It would be CRAZY to trade with them... I have traded options a lot, and I would never try to execute an order with anybody other than Dreyfus.... You have to remember that options trade at very large spreads (sometimes more than 3/4 or even a full point)....and it is very difficult to trade between the spread....so if you're not trading with a broker who has direct access to the floor of the options exchange, you will probably get horrible fills....you need a broker/dealer who can work the price for you...Unlike stocks, options usually don't tick up or down in 1/16'ths... Personally, I will never trade options with anyone else other than Dreyfus ever again....And if you think that any of these daytrading firms are going to be able to offer any kind of reasonable executions in the options market, I think you're probably kidding yourself...