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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: Henry who started this subject2/9/2001 3:25:13 PM
From: Shawn M. Downey  Read Replies (1) of 2241
 
I have a tax question. When you sell a covered call, isn't the premium received always a short term gain?

The calls I held were assigned and the underlying stock was sold at a profit. My brokerage statement has lumped the profit from the stock with the call premium. All of which is shown as a long term cap gain.

I know this issue can get complex, but my question is simply put: Is the premium received when you sell short a call, always a short term cap gain?

Thanks, Shawn.
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