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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Id who wrote (10269)11/13/1999 12:50:00 PM
From: taxman  Read Replies (1) | Respond to of 54805
 
"the strategy of buying January puts and selling January covered calls"

economically this is equivalent to a short sale. as for the tax consequences the government view of the rules (publication 550) is at:

irs.ustreas.gov

the cboe has a tax section written by ernst & young at:

cboe.com

the good news is that these rules will be as incomprehensible to any agent examining your return as they are to you.

regards