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Re: RT_Re: Option Trading



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Trading Reference Links

Here is a quote from a Benjamin & Jerold ad for their BBS Direct/Trade, i.e.
not internet based yet as far as I can tell.

Accepts All orders--buy,sell,spreads,stops,contingents and OCOs day or GTC.

Their email used to be, may still be info@xxxxxxxxxxxxxxxxx
ph 1-800-446-5112

PS no connection with them other than having been to their BluePage
Publishing seminars.  Never had an account with them.  Their BBS did not
have realtime quotes, may have now, and their software years back was DOS I
believe.  Don't know if they have windows or internet service yet.

BobR

----- Original Message -----
From: RAY RAFFURTY <rrraff@xxxxxxxx>
To: Realtraders (E-mail) <RealTraders@xxxxxxxxxxxx>; De Vries, Trevor
<Trevor.DeVries@xxxxxxxxxx>
Cc: Real Traders <realtraders@xxxxxxxxxxxxx>
Sent: Tuesday, August 03, 1999 7:59 AM
Subject: RT_Re: Option Trading


> Hi Trevor,
>
> What you are asking for is a contingent order, one action is contingent on
> another.  In order to do this you must deal with a live broker who will
> accept this type of order, then it is usually on a best effort basis only.
> You could do it over the net with a deep discount broker by watching the
> stock and when it reaches your price, buy at the market.  This means you
are
> glued to your screen and I assume that is what you are trying to avoid.
>
> I assume you are position trading, if so, why not use end of day close as
> the signal and place the market order to buy on the open?
>
> Perhaps someone can suggest a good broker for contingent orders.
>
>                                         Good luck and good trading,
>
>                                                     Ray Raffurty
>
> ----- Original Message -----
> From: De Vries, Trevor <Trevor.DeVries@xxxxxxxxxx>
> To: Realtraders (E-mail) <RealTraders@xxxxxxxxxxxx>
> Sent: Tuesday, August 03, 1999 3:08 AM
> Subject: Option Trading
>
>
> > R'Ters
> >
> > Could someone please provide info on the following :
> >
> > * I'm looking for a good equity options broker (discount house) for
> > daytrading options.
> > * Is it possible to place the following trade :-
> > Go long 1 August call at strike $50 (at the market) if the
> > underlying equity (say INTEL) trades through my stop price.
> > What i'm trying to achieve is, if the stock trades through my stop
> > price, then go long 1xcall at the market. So the stop order exists on
the
> > equity (as the trigger) and NOT the option. Is this feasable.??
> >
> > Appreciate any input.
> >
> > Regards
> >
> > Trevor De Vries
> >
> >
> >
> >
>
>