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Biotech / Medical : VD's Model Portfolio & Discussion Thread
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To: Biomaven who wrote (7630)2/28/2000 10:42:00 PM
From: bluejeans  Read Replies (1) of 9719
 
I may give in and sell some covered calls. I guess I'd then have to go study that murky tax stuff about what that does to one's holding period and what happens if you buy the call back at a loss if the craziness continues.

From The Trader's Tax Survival Guide by Ted Tesser

If an option is not exercised,but rather sold before it expires, the tax treatment is the same as that of an ordinary equity. That is, the gain or loss is calculated based on purchase price (or tax basis ,if different) and sales proceeds. Short or long term status is based upon date of purchase and date of sale. However, if the writer of the option is called, then the tax consequences are different (but that wasn't your fact pattern).
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