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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: jebj who wrote (9481)	1/16/1999 12:39:00 PM
From: VincentTH	Read Replies (2) \| Respond to of 14162

Dreyfus, Brown and Waterhouse are the ones that allow naked puts. I stay with Waterhouse since I also have the bulk of my $$ in Bond Mutual Funds (to avoid volatility in margin, and to take advantage of market dips). The stock comish at Waterhouse is good ($12), but the option comish are a little bit high compared to others. I also like Waterhouse Spread margin requirement (none for Debit Spreads), so it make it easier to do recovery spreads. Laterly, Waterhouse WebBroker has been down quite frequently, especially at the open, and they said they are addressing the problem. They have added some 10 new servers the past few months, but the bottleneck is the way they routed orders to their MMs. At some point last week, I was very serious about moving my account to Brown, until I read somewhere that Waterhouse is addressing their order routing problem. I also like Brown because of the lower commissions, but they don't have good NTF mutual funds as Waterhouse does.