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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 (10340)4/12/1999 11:54:00 PM
From: RDHickman  Read Replies (2) | Respond to of 14162
 
jb, Yes, Mr. Stock is my Broker. Good people. Friendly. Relaxed.
I bugged them with all kinds of nit-picky questions BEFORE signing on, because I wanted to be sure I could use Leaps as a Stock Substitute and Write Conventional Calls against them. Very helpful.
No pressure. No hype.

Ordinary Equity Purchases and Options can be done on-line.
Leaps and Spreads MUST be called in at the $19.95+ price.
When you call to trade, you go to the "Options Desk".
Their primary function is OPTIONS! What a relief!

xxx
Stock Trades

Transaction Size Order Type Entry System Commission
0-5000 Shares Market Order Internet $14.95
0-5000 Shares Market Order Touch Tone $14.95
0-5000 Shares Market Order Live Broker $19.95
0-5000 Shares Limit or Stop Order All Types $19.95
Above 5000 Shares All Types All Types Addtional 1 1/2¢ per share

** Stocks priced under $1 are $19.95 per 5000 shares


Options

$19.95 per trade plus $1.75 per contract.


Mutual Funds

Fund Type Buy Sell Exchange
No Load $25 $25 $25
Load No Fee Load Only No Fee No Fee


Margin Rates

Average Debt Balance Interest Rate
$25,000 and Above 3/4% above broker's call rate
$20,000 to $24,999.99 1% above broker's call rate
$15,000 to $19,999.99 1 1/4% above broker's call rate
$10,000 to $14,999.99 1 1/2% above broker's call rate
$5,000 to $9,999.99 1 3/4% above broker's call rate
Below $5,000 2% above broker's call rate


Miscellaneous Fees

Fee For Amount
IRA No Set Up Fee.
No Annual Fee.
$50 Termination Charge.
Incoming Funds Transfer No Charge
Outgoing Funds Transfer $15
Bounced Checks $25
Accommodation Transfers $15
Legal Transfers $15
Physical DVP $15
Regulation T Extension $25
Cash/Margin Call Letters $5
Stock Certificate Handling Fee $25
Duplicate Statements $15
Document Reprinting $3
xxx

On their Website at mrstock.com
they have a second opinion feature which is interesting.
I'm comfortable with them! /Dick