How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (5954)	11/23/1997 6:33:00 PM
From: Patrice Gigahurtz	Read Replies (5) of 14162

Is you buy back a CC in say AAAA for a lose and then quickly sell a CC in BBBB is that a "wash sale" (for AAAA) ? Also, my stock MACR closed friday at $10 and my covered calls were MACR Nov10. However, my broker says I have to wait till monday to know if they were yanked from me. Does that sound right ? I wasn't called at the close friday, so why would I have to sweat out the weekend ? PS: I'm not a lamb but I've never had my CCs end at the strike price before. Anyone ever have the same luck ? ----------- ------------ = ====================== 00000000000

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