Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (13475)	1/8/2001 9:58:04 PM
From: BDR	Respond to of 14162

Thank you. So with LEAPS your motto- "We take our profits upfront!" really applies. Way upfront.(g)

To: Herm who wrote (13475)	1/11/2001 1:11:26 AM
From: BDR	Respond to of 14162

Herm- I was looking at some option sites and ended up linking to these folks: tradersaccounting.com They have free stuff that might be of general interest to option traders regarding accounting and taxation. Their site didn't address my question about LEAPS specifically but I think your quote from Roth answered that. They do discuss trader status and the ways to structure one's activity for the most advantageous tax position. Perhaps more active traders might be interested in reviewing their material? They advise against trying to qualify oneself as a trader for tax purposes and instead recommend a C-corp and limited partnership combo. I think I am stuck with plain vanilla gains/losses on the 1040 given the small amount of trading I do. WHAT IS THE BEST STRUCTURE FOR TAX SAVINGS? tradersaccounting.com

To: Herm who wrote (13475)	1/11/2001 7:01:05 PM
From: PAW	Read Replies (1) \| Respond to of 14162

Herm, I am very new at options. I have been reading your early posts and #33 talks about writing multiple covered calls on the same set of stock in a month. I am curious how that is done. I guess just having an 'in' with your broker. I bought IWOV at 21 1/4 on Jan. 9 and sold a covered call for a $4 premium. The price today was 29. What is my best move now. It is an IRA account so shorting isn't allowed. I am wondering if puts are allowed. I would appreciate any info you can give me. I am enjoying reading your thread. I have a lot to learn. I also have a regular account that I would like to do options in. Do you have any good bets for me. Thanks, Pat