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: Joey Smith who wrote (7515)	5/26/1998 3:01:00 PM
From: VincentTH	Read Replies (1) of 14162

Jeoy, The short answer is No, you only realize a cap gain when the position is closed (expire worthless, exercised or closed). The long answer is to get Pub 550 from the IRS site. There is a new version for 1997. Things are getting more an more complicated.

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