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

To: BDR who wrote (13506)1/24/2001 1:02:12 AM
From: Dan Duchardt  Read Replies (1) | Respond to of 14162
 
Dale,

Here's a reference from CBOE

cboe.com

Find the section that starts:

Qualified Covered Calls

A "qualified covered call" is an exchange-traded call option written on stock held
by the investor (or stock acquired by the investor "in connection with" the writing
of the option) that results in capital gain or loss treatment to the writer. The call
option must have more than 30 days to expiration and a strike price not less than
the first available strike price below the closing price of the stock on the day
before the option was written.

This is followed by more details on qualified strike prices for higher priced stocks.

The full article is worth the read.

Dan



To: BDR who wrote (13506)1/24/2001 1:11:52 AM
From: JGoren  Respond to of 14162
 
New edition of McMillan's "Options as a Strategic Investment" is due out this year. Amazon.com says April, but, after my prior post, I discovered that Booksamillion.com says July. The publication date may have been delayed or moved up; I don't know.

Thanks again, Dan, for your excellent and succinct explanation. I do appreciate it.


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