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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 (3430)	2/26/2002 8:18:58 PM
From: andydaoust	Respond to of 5205

Dan, Thanks for the clarification. Now that I read your response, I can see it in the pamphlet. I always sell covered calls as close to ATM as possible as that is where the demand is and hence usually the best premium. I count my calls as short term if I purchase the calls back. So the rules are straight forward for me. I see the paperwork could get messy if you stumble into the non-qualified covered call territory. I'll definitely stay away from that area in my taxable account. I appreciate the discussion and help from everyone. Andy D