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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: alanrs who wrote (2235)	8/24/2001 7:24:40 PM
From: LindyBill	Read Replies (1) \| Respond to of 5205

Alan, I thank you and Frank for your input. It is exactly what I was looking for. Since I am limited to CC's, I see my risk as: 1) Missing out on an upturn 2) Losing capital by staying in the stock when it goes down. Since I would lose when it goes down anyway, my only new real risk is # 1. I am going to do some more thinking about this over the weekend.

To: alanrs who wrote (2235)	8/25/2001 2:42:09 PM
From: PoetTrader	Read Replies (1) \| Respond to of 5205

alan -- you wrote: "One of the things I still keep in mind and believe to be true is the old joke about how the best way to make a small fortune in options is to start with a big one." What does that mean exactly?? Also here's the dummy thread question for the day...When I pulled up my Fidelity tax information for the year it showed the options as "Non reportable options sales"...what does that mean??? Are options taxed at some unique rate? Thanks, PoetTrader