SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dan Duchardt who wrote (3080)11/26/2001 8:25:54 AM
From: LemurHouse  Read Replies (3) of 5205
 
Thanks Dan. I recognize that the shares need to be designated at time of sale -- but I didn't know that the designation had to be documented by the broker. In the past I've designated the shares at time of sale and documented same in my own books using Quicken or the like, but have not obtained corroborating documentation from my broker(s). In your opinion does this mean I have not satisfied the requirements re designation of shares?

I didn't know that shorting against the box would not defer cap gains tax liability on the long position. Tax considerations aside, on a purely mechanical level, can you comment on whether shorting against the box is a legitimate/practical way of honoring one's obligation to deliver stock under assignment? An academic point if there is no tax advantage, but I'm curious nonetheless.

Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News