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Strategies & Market Trends : The Options Box
QQQ 613.62-1.9%Dec 12 4:00 PM EST
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To: Poet who wrote (9290)1/24/2001 10:48:11 PM
From: bigja  Read Replies (1) of 10876
 
Poet,- "I treat the premiums on naked options positions as ordinary income"

Thanks. That's what I suspected. I think some are confused into believing that because brokers don't report option income to the IRS, it must be tax free. That's just to good to be true.

Big JA
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