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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Sully- who wrote (669)5/19/2001 8:27:13 PM
From: JGoren  Read Replies (1) of 5205
 
thanks for the post on wash sale rules. it appears that if you have to buy back calls at a loss to prevent exercise and sell further out, the effect is approximately the same as if you deducted the loss--by adding to the basis. this is impt to know for those of us who are writing just about every month.
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