The Covered Calls for Dummies Thread Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dan Duchardt who wrote (3186)	12/21/2001 5:51:29 PM
From: LemurHouse	Read Replies (1) of 5205

Thanks Dan, I'll look into this as soon as I get past the holiday weekend. Its admittedly been a while since I checked on this, and maybe things have improved since then. But when I last checked it was a very messy and murky area indeed. While it was theoretically possible to separate investments from trading positions, the rules -- such as they are or were -- were still evolving and seemed very subject to change as well as challenge by the IRS. Moreover, if memory serves, the burden of proof lies with the investor, the means of proving the separation can be cumbersome, and the penalty for failing to prove satisfactorily can be heavy indeed. It did not look like a practical option at the time. Indeed it looked like something I wanted to steer well clear of. I certainly don't want to be the one pushing the envelope and setting tax precedent with the IRS. Thanks for your input though, and I will follow up and look into it. On another subject, very interesting triple witching today. I've never been much of a believer in the "max pain" theory, but the action on AMAT stock price today makes me wonder. Have a good holiday everyone. AD

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next