Options for Newbies -(Help Me Obi-Wan-Kenobe) Message Board

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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: RoseCampion who wrote (1647)	9/21/1999 11:46:00 AM
From: OX	Read Replies (1) of 2241

here's what I think it is (I'm not a professional tax person, but I do all my own taxes)... short term gain of $4k for 2000 taxes. leaps are ST gain too if you close it or expires worthless. if you're doing a covered call, and your call is assigned, I believe the call $ is treated w/ the same holding period as the underlying... the cboe site has the best docs on this. also, unless sold calls a _qualified_ covered call, it can also do things to your underlyings holding period (suspends or otherwise)... sorry, doing this from memory.

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