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Hi Bob,
I had forgotten about B & J. I checked into them several years ago and got
good recommendations from acquaintances. I did not go with them because
their commissions are higher than Dreyfus and I did not need the type of
services they offer.
They will accept contingent orders and it appears from their web site you
can place them over the Internet. You can also sell puts (with 100% cash
coverage) in an IRA, something most brokers will not allow.
Their site is www.stockoptions.com
Good luck and good
trading,
Ray Raffurty
----- Original Message -----
From: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxx>
To: RAY RAFFURTY <rrraff@xxxxxxxx>; Realtraders (E-mail)
<RealTraders@xxxxxxxxxxxx>; De Vries, Trevor <Trevor.DeVries@xxxxxxxxxx>
Cc: Real Traders <realtraders@xxxxxxxxxxxxx>
Sent: Tuesday, August 03, 1999 11:48 AM
Subject: Re: RT_Re: Option Trading
> 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
> > >
> > >
> > >
> > >
> >
> >
>
>
>
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