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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (76560)	11/18/2024 2:55:00 PM
From: Elroy	Read Replies (2) \| Respond to of 78666

WMB's share price appreciation makes zero sense to me. I sold covered $38 calls against my WMB position a long time ago, because I thought $38 seemed high. Last week I repurchased the $38 short WMB calls (at a big loss, short term) then sold my WMB position for $56 or so (big long term gain). That trade (I think) allowed me to realize short term losses on the covered call position, and long term gains on the underlying WMB position. I think that's a more tax smart way to close out the trade rather than letting the call holders exercise and buy the WMB from me for $38. Anyways, I'm done with WMB. I still have my EPD, with no plans to sell that, perhaps ever.