Re: Datek Options Trading

["Kent Rollins" <kentr@xxxxxxxxxxxxxx>]

Maybe you need to apply for Level 2 options.  That would entitle purchase of
naked calls/puts.  Maybe their computer system won't handle the combinations
(ie, covered calls, married puts) right now but will handle outright option
positions.  This message was probably computer generated from a list of
email "sections".  They just concatenate them together and send them off.
Just a guess.

Kent


-----Original Message-----
From: Lionel Issen <lissen@xxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, September 13, 2000 4:32 PM
Subject: Re: Datek Options Trading


It must have been written by a lawyer or a politician or copied from a
Lloyds of London insurance contract. You're right, the 2 paragraphs are
mutually exclusive.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, September 13, 2000 1:23 PM
Subject: Datek Options Trading



I received this e-mail from Datek, but don't understand, as the second
section seemingly is contradicted by the first listed section.

Can any of you explain what we're now allowed to do????

Thanks,
Nicholas

=======================

We have received and reviewed the information on your option application.
Based on the information you provided us, we have approved your account for
Level I options trading.  This allows you to:

· Sell covered calls
· Purchase married puts

Please note:  Our introduction of option trading will not allow the sale of
covered calls and the purchase of married puts.  We will notify you by email
when we will offer Level I trading in the near future.  If you have any
questions, please e-mail our Customer Support team at support@xxxxxxxxx or
call us 24 hours, 7 days a week at 1-800-U2-DATEK.