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

To: Dan Duchardt who wrote (4264)	5/19/2004 6:41:00 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 5205

>> The IRS deems the selling of DITM calls to be a "consructive sale" and this has implications for taxes. Wouldn't that be true of buying puts against a long position as well? duf

To: Dan Duchardt who wrote (4264)	5/21/2004 5:08:27 PM
From: Jon Khymn	Respond to of 5205

RMBS CC testing result, wow, what a ride. At least I was able to cut the loss to half... CC TESTING DATE SHS PRICE TOTAL COMM. TOTAL COST RMBS 04/14/04 500 $28.49 $14,245.00 $10.00 $14,255.00 May 30 C 04/14/04 -500 $1.75 $(875.00) $19.00 $(856.00) May 30 C 04/16/04 500 $0.75 $375.00 $18.00 $393.00 May 25 C 04/16/04 -500 $2.25 $(1,125.00) $19.00 $(1,106.00) May 25 C 04/27/04 500 $0.25 $125.00 $18.49 $143.49 May 20 C 04/27/04 -500 $2.05 $(1,025.00) $7.52 $(1,017.48) Curernt Stock cost * * * * * $11,812.01 Stock basis / share * * * * * $23.62 Current RMBS price * * * * * $18.29 Net gain (loss) / Share * * * * $(5.33) $(2,667.01)