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To: TigerPaw who wrote (84260)	12/8/1998 6:39:00 PM
From: freeus	Respond to of 176387

RE Commissions Fidelity only charges $27 for an option contract for a "frequent trader" (even I'm that) and then only $1.75 for each contract on the same type.Of course both ways that would still be $54 but better than what you mentioned.(unless you meant $30 both ways). Freeus

To: TigerPaw who wrote (84260)	12/8/1998 6:48:00 PM
From: Sig	Respond to of 176387

<<<I find I must give up anwhere from $30 to $80 per trade in commissions when selling options and that is often a large percent of the trade. It seems that dealing with more contracts at the same transaction increases the % gain by quite a bit.>>> My brokers fees at MSDW about the same, one $6 option cost$30,$33, two for $40 or $46, one option at $10 costs about $40. So I often buy two at a time if the options cost < $10 so the second option costs much less. I disregard all fees when selling tho, and concentrate on picking the right time (or day) to sell as the option value on these volatile stocks can change $2 overnight. But by all means seek a bargain... The broker is a bit embarrassed and promises me lowest rates. I hear (but don't know for sure) that discount brokers charge about the same fees. Now Freeus has just mentioned some lower fees, so will check into it. Sig