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Strategies & Market Trends : Classic TA Workplace

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To: Chaz who wrote (156034)	11/19/2007 11:28:50 PM
From: Henry J Costanzo	Read Replies (1) of 209892

Charles... Yes...rolling over, or rolling forward, as I use those terms, simply means selling the nearest expiration and buying one further out...Right now, for example, I am in the process...a little belated...of selling all my December calls and replacing them with January calls. That sort of time frame is the way I usually operate with options...except for protective put hedges...where I may be in and out very quickly and with shorter time horizons, depending on the technical moves of the share holdings being protected.... And yes...unfortunately, I pay taxes on my options gains...which under our system are taxed as short-term capital gains, at higher tax rates..The references I have made to avoiding taxes by not taking gains have referred to my share holdings...most particularly my largest holding...by far....AAPL.. Also relevant to my own particular position, Charles...as I think I have explained on occasion....is the fact that I have always kept my options positions as a limited portion of my total portfolio...typically no more than 20-25% or so..

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