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Hi Ron,
That's an outrageous commission. Dreyfus is $1.75 per contract
($15.00 min). Your 10 contracts would cost you $17.50 each way. I believe
Brown & CO. are about the same. I have been with Dreyfus for about 2 years
and usually trade on line at www.edreyfus.com In that time they have only
been down once for about 30 min. There web site is deliberately simple so
that it loads extremely fast. The only down side is that you can not place
stops on options online, though you can with a live broker.
Good luck and good trading,
Ray Raffurty
----- Original Message -----
From: Ron <annsar@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Thursday, June 24, 1999 11:50 PM
Subject: [Fwd: Options/Brokers]
>
> RT'S--
> Can anybody shed some light on where to trade OEX options. Where's a
> good broker and what's a fair commission price?
> National Discount Brokers charge $35 +$2.50 a contract (each way) so
> trading 10 contracts =$60 to open and $60 to close or $120 a turn.
> Seems expensive any ideas appreciated.
>
> Thanks.......Ron
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