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

To: Dan Duchardt who wrote (3152)	12/18/2001 7:28:26 PM
From: Dominick	Read Replies (1) \| Respond to of 5205

Dan: Do you know of any software or spreadsheet that will show a matrix of the break-even prices of an option trade. If the stock price is X, you would follow it over till you find what the option price must be for the break-even point. F.E. Covered call. The matrix would show the stock and option prices on an X and Y axis. All I have to do is pick out the current stock price on one of the axis and find the option price on the other axis that would be the break-even point. Or a spreadsheet where you enter the particulars of the trade and just type in the current stock or option price and it would show what the other would be. TIA, Dominick

To: Dan Duchardt who wrote (3152)	12/19/2001 8:25:28 AM
From: Dominick	Read Replies (1) \| Respond to of 5205

Dan: You know what's great about trading in an IRA? I don't have to come up with all the associated trading paper work or try to figure out all those convoluted tax laws. All my trades would have been taxed as ordinary income anyway. All I have to do is tell my CPA I withdrew $10,000 this month. dom@yesI'mover59 /12.com

To: Dan Duchardt who wrote (3152)	12/19/2001 9:44:10 AM
From: BDR	Read Replies (1) \| Respond to of 5205

<<I can't seem to cut and paste the section I am reading, but it is on page 6, the middle two paragraphs. Sure sounds to me like the sale is an event that causes the underlying to be treated as sold and repurchased, so that would have to be recognized in the tax year of the sale, long term or short term depending on how long you had held up to that point.>> I don't read that options are specifically referenced. " Entering into short sales, futures or forward contracts are examples of transactions that may generate constructive sales...Other transactions to be covered by these rules may be identified in Treasury regulations to be issued." I don't trade futures or forward contracts and I think the meaning is specific enough regarding those investment vehicles to exclude options but I would be happy to hear a clarification. Nevertheless the wording does indicate that the Treasury can change the rules at any time.