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: Caroline who wrote (7520)	5/27/1998 8:54:00 AM
From: Joey Smith	Read Replies (1) of 14162

Caroline, not sure what you mean. I am writing covered calls, so my underlying stock has been paid for. If I bought the stock 18 months ago, and my calls get excercised tomorrow, my buy date and sell date should be 18 months and 1 day, which puts me in the 20% capital gains tax bracket...Am I wrong here??? Maybe you're thinking of buying (not selling) calls or warrants and then excercising the right to buy the stock at the strike price. In that case, the purchase date is the date of conversion, not when you bought the option or warrants. joey

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