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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: dbernet who wrote (3013)	11/12/2001 1:55:12 PM
From: Uncle Frank	of 5205

>> The shares are pre IPO with a cost basis of 1.50. I don't want to pay the taxes... That's an important point, dbernet, as it puts you in the position of selling "synthetic covered calls", which is much riskier than writing plain vanilla ones. I'd suggest you search the archives for the discussions pertaining to that type of transaction. duf

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