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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: she_x who wrote (9179)	3/25/2000 12:43:00 AM
From: techguerrilla	Respond to of 35685

Hey twisted sister If you sell a call ("sell to open") and the stock goes up, on expiry day you buy the call back at the same strike price ("buy to close"). Sure, if the stock goes up, you will probably lose some money, but you won't get called out and, thus, have to pay taxes on your sold stock. The two options transactions cancel each other. Poof! Done! Try reading Michael Thomsett's Getting Started in Options, published by Wiley. I think it's a great junior high school level options book. A weekend read. Very repetitive. It might even penetrate your twisted head. I bet it's a fine looking head, too, SheBabe. More when I get back. Keep the rubber side down. John