Subject: Re: What covered calls you got?
Instead, you can purchase new shares and deliver those.

True. But it would take ALOT of cash. Maybe more cash than I have on hand at the time and I like the optionality cash has given me. It is a good reminder though.

Even if I had to pay the long term cap gains taxes on my holdings I think my after tax realized price would still be well above my estimates of IV at expiration. I could be ok with that depending on what reality looks like at the time. We have been in rare air recently.

Jeff