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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (35337)11/5/1998 2:13:00 PM
From: Night Trader  Read Replies (1) | Respond to of 132070
 
Mike,
Surely (don't call me surely) covered call writing is not quite the same as put selling if you have a large gain in a stock and so have tax consequences of selling it? For example I hold INTC at a cost basis of about 35 and though I have concerns going forward am loath to sell it. Instead any day now I will sell leap calls that I hope to buy back next year.