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"Squeeze Your Portfolio Harder" (Smart Strategies, Dec. 27, 2004-Jan. 3, 2005)


In "Squeeze your portfolio harder" (Smart Strategies, Dec. 27-Jan. 3), a Charles Schwab (SCH) representative provided BusinessWeek with outdated pricing for options trades made by phone or online. Correct pricing for investors trading online and writing any number of contracts is a $9.95 commission and $1.40 fee for the first contract and $1.40 for each additional one; trading by automated phone is $29.95 for the first contract, plus the $1.40 fee. Also, the accompanying table ("Getting a premium") on covered call options should have noted that dividend payments received over the life of the option are included in the quoted returns.

In "Hedge funds: Outfoxing the SEC" (News: Analysis & Commentary, Dec. 27-Jan. 3), Paul F. Roye, director of the SEC's division of investment management, told BusinessWeek the agency would rethink a new rule requiring fund advisers to register with the SEC "if we see a significant invasion of the rule." He meant to say: "evasion of the rule."


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