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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (2235)8/25/2001 2:42:09 PM
From: PoetTrader  Read Replies (1) of 5205
 
alan --

you wrote: "One of the things I still keep in mind and believe to be true is the old joke about how the best way to make a small fortune in options is to start with a big one."

What does that mean exactly??

Also here's the dummy thread question for the day...When I pulled up my Fidelity tax information for the year it showed the options as "Non reportable options sales"...what does that mean??? Are options taxed at some unique rate?

Thanks, PoetTrader
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