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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: VincentTH who wrote (10085)	3/27/1999 3:14:00 PM
From: Woz	Respond to of 14162

Looks like the margin requirement at Waterhouse is less the $20000 base Dreyfus requires. You can usually reach the trading desk pretty quickly, so that's not a problem with them. Their commissions are less than Waterhouse...about half when paying the online price. The problem is their website does not offer any real time quotes (until you place a trade), so its a hassle to check RT quotes with other sources (I like to double check quotes with two sources before trading). Naked puts have a risk capped to the exercise price of the put less the premium (if stock goes to zero), it is not as bad as the unlimited risk of a naked call.