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Non-Tech : Invest / LTD
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To: SJS who wrote (5619)11/27/1998 11:30:00 AM
From: Thean  Read Replies (1) of 14427
 
Steve - don't know if I have asked you this before but on those stocks that got called away, do you write in Schedule D

1) The cost basis being the actual amount paid for the stock and sold at the called price; and the call option sold for $__ and bought for $0. Or

2) The cost basis being the price of the stock minus the premium for the written call and not report the option activity?

Are there any other known variation to the above? TIA.

The issue with scenario #1 is if the called price (e.g $15) is lower than the price I paid for the stock ($15 1/8), would I be fallen under the wash rule even though I made a profit overall?

TJX just cleared 26 1/4. got in at 26 1/4. Sure seem like buyers outnumbered seller on this one. <GG>

DO and RIG - been watching these two closely whole morning and the big sellers are not going away at every step down in tick. In fact, the ask volume is building as the tick goes down. Sure look to me like the exit door just become narrower and narrower.
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