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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3324)6/28/1998 10:09:00 AM
From: Dale Baker  Read Replies (1) of 4969
 
To anyone: an amateur question about options. When traders "roll over" options to later months, are they selling the current position, taking a tax hit and buying a later position with the proceeds? Or can you do it without taking a gain on your near-term position? I have some July calls which I am thinking about turning into September calls at a higher strike price.

Advice appreciated. Still learning but actually a bit ahead on the options side this year.
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