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Strategies & Market Trends : Options
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To: Poet who wrote (4655)3/12/2000 5:13:00 AM
From: Jimbo  Read Replies (1) of 8096
 
Poet - I have been reading V's posts re selling ccs. In the past I have sold some ccs on my CSCO holdings and have gotten burnt each time choosing to buy back the calls after a CSCO runnup (at a loss mind you). My overriding fear was the tax event if I was to be called out. In hindsight each time it probably would have been a better move to get called out because the stock retraced below or around the strike or better yet roll to the next month.
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