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Technology Stocks : Metatools (MTLS) - looking for discussion
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To: Patrice Gigahurtz who wrote (272)6/2/1997 6:24:00 PM
From: earthling   of 281
 
Patrice -

You've mentioned options. Was wondering if you have bought/sold any options on MCRE? Since my theory is that the stock probably won't do a big upward breakout until late in the year, I thought that selling covered calls at this point might be a good. When/if the price rises, I need to reduce my position anyway.

Also, do you know about the tax treatment of revenues from selling calls? My understanding is that it's considered ST cap gains at the time the option gets grabbed or expires, whichever comes first.

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