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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Don Lloyd who wrote (18392)4/23/2002 4:52:29 PM
From: yard_man  Read Replies (1) of 74559
 
I'm pretty sure from a tax standpoint that the sale of the call simply lowers the purchase price of the stock -- if you buy back the call -- the difference either increases or decreases the basis in the stock. OTW there would be little advantage in a covered call in the first place -- i.e. having to wait 30 days before rolling up or closing the position.
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