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know your options: writing covered calls on index Hi Sir, Have been a regular reader of your columns and articles on the net. Of late, I have started facing problem while writing calls on index due to higly fluctuating index. Although I start a bit early (typically writing next month calls) and covering ... Mark D. Wolfinger 1 message
Another question Mark I read this online-- (you wrote this) There is an important point that must be mentioned. When you buy the stock @ $42.74, then the intrinsic value of the Jun 35 call is $7.74 and selling for only $7.50 is a foolish thing to ... Mark D. Wolfinger 1 message
know your options: Covered call writing Mark- I have a long term portfolio of blue chip stocks which I have owned for years and do not intend to sell whether they go up or down. I am considering selling calls against the stocks with the rationale that if the stocks stay ... Mark D. Wolfinger 1 message
know your options: IBM rolling over Hi Mark I bought a few thousand shares of IBM at 117. It is now trading at 115. Do I use puts or calls to protect my positions? Thanks, Rose Hi Rose, The answer is 'either.' I prefer using calls, but take look at your ... Mark D. Wolfinger 1 message
Covered Calls and the Wash Sale Rule If I were to buy SPY and sell a deep-in-the-money call against it each and every month, and each and every month it got called away, and I bought it again and sold a call again, month after month, what are the tax inplications, especially ... Mark D. Wolfinger 1 message
Thanks_ follow up qn-Covered calls. Are the services worth it? Dear Mark: Thanks for confirming my gut feel. I will read your book (referred on your site may be). Also I believe that you like and recommend OptionsXpress? If I do it in a Roth IRA, there should be no tax implications, correct? Thanks again ... Mark D. Wolfinger 1 message
Covered calls. Are the services worth it? There are many companies that offer first free seminars, then charge (2-3K) for seminars to teach proprietary software for covered calls and tricks in down markets. My questions is IS IT WORTH IT? After monthly fees, trading fees/ commissions etc. what is left? Is it ... Mark D. Wolfinger 1 message
Your Option Hedge Fund Book Dear Mark, I liked your Short Book on Options so much thank you! that I am slowly working my way through your book to Create Your Own Hedge Fund using ETFs and options. I never realized how many and different kinds of ETFs there are. ... Mark D. Wolfinger 1 message
simplicity vs. complexity... jeff@mcassoc.com wrote: hi mark - thanks in advance for your help. i am taking control of my assets in a proactive way (removing them from the planner i've used) and am inculcating some new "tools" to gain ground quickly, with a strong bias toward options ... Mark D. Wolfinger 1 message
What can I reasonably expect? Mark, Thanks for your sensible approach. I have done a fair amount of reading over the past month on covered calls. Something my mother said about :"if it seems too good to be true " That having been said, the math seems to suggest that ... Mark D. Wolfinger 3 messages
Rising Stock Price after Rolling We have been using the rolling strategy and time spreads in your book, "The Short Book on Options," for our long term UAL stock, now $38.90 up from 33.50 two weeks ago. The stock has gotten a little volatile with the price rising to where ... Mark D. Wolfinger 1 message
covered writes and dividends Mark, I read your article on covered call writing and have a question. Your article says that if I write a call I'm still entitled to the dividend. That being the case, I have an example I'd like to go through with you. Frontline LTD ... Mark D. Wolfinger 1 message
Short Book on Options Mark, I am having trouble understanding spreads as you describe on pages 81 - 83, Rolling For Opportunity. You talk write about "selling a time spread," and "Buy back the all and sell a new call in a spread transaction." I thought a spreads involved ... Mark D. Wolfinger 1 message
What is a Put option? Hi Mark, Appreciate if you can explain put option in layman terms. Thanks! Regards, Yumi Sat Hello, A put option is a contract between two people - the buyer and the seller. The buyer pays a cash premium to the seller. In return for that ... Mark D. Wolfinger 1 message
Tax on option trades I am trading options e.g. buying a 60 strike and selling a 70 strike. How do I report these trades on my tax returns? Thanks Art Hello Art, Use Form 1040, Schedule D to report a short-term capital gain or loss. But, if you are ... Mark D. Wolfinger 1 message