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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: the options strategist who wrote (7135)3/21/1998 7:38:00 PM
From: Ira Player  Respond to of 14162
 
The term "shorting against the box" goes back to the days when people took physical possession of stock certificates and kept them in a safe deposit BOX. They would then perform a short sale "against the BOX".

Primarily used to avoid the tax consequences of selling an appreciated asset. (Very low cost basis)

Ira