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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: mariner who wrote (3262)6/29/1999 2:32:00 PM
From: edamo  Read Replies (3) of 54805
 
mariner...re "taxation"...new to the thread, graciously invited to participate by uncle frank.

not familiar with canadian tax laws, but you do have the ability under american law to tap the equity in your csco, without incurring a current tax year liabilty. consider writing covered leap calls against the underlying csco in your portfolio,the premium amount available depends on how deep or out of the money the strike is and whether you would like to assume the tax liability in 00,01,02. it is safe, but your csco will be encumbered either until the contract expires or the stock called away...it is a way to access tied up capital without immediate tax liability, getting a premium over what you would sell at today, and the chance that if the strike is never reached, the stock and the premium is yours...feel free to ask any questions...best regards, ed a.
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