From: doug churchilll [lildougie@budweiser.com]
Sent: Wednesday, September 03, 2003 2:58 AM
To: rule-comments@sec.gov
Subject: BOX - SR-BSE-2002-15

Jonathan G. Katz, Secretary: 

Securities and Exchange Commission 
450 Fifth Street, N.W. 
Washington, D.C. 20549-0609 

Dear SEC: 

As a professionla and licensed trader for 25 years, I would like to let 
you know I am in full agreement of the Price-improvement characteristics 
being suggested by the Boston Option Exchange. 

I traded an option on Upjohn on the first day the CBOE opened in 1973 
(at the ripe old age of 20) 

My trading in options in recent years has greatly diminished due to the 
egregious minimum spreads set by the various option exchanges. The BOX is 
attempting to greatly improve those prices. Should this proposed PIP take 
effect, I am certain that my option trading would increase by leaps and 
bounds (in quantity). 

Thank you and have a good day. 


Doug Churchill 

561-630-0551 

704 Sandy Point Lane 
Palm Beach Gardens, Fla 33410 




douglas s churchill

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