Hi 100,
A question about your strategy. Do you buy shares on margin and also buy calls, using the profits on the calls to pay off margin? If so, I think you may be to ramp up your strategy by simply buying calls, selling some at the expiration date, and using the profits to pay for the purchase of the remaining shares-- thereby eliminating taxes on the exercised shares (until you sell them, of course).
I have done this with JDSU and QCOM over the past six months, buying, say, 10 calls, calculating how many I would have to sell at a particular price, and using the profits to pay for the exercise of shares. It's help me build up a nice core position in both stocks. |
