Let's say I have held stock XYZ for 11 months and want to lock in profits but also want to wait a month to make them LT. Can I write a coverd Call (in-the money) that expires after the 12th month and do that? (assuming it actually calls away my stock)My understanding is that if you write/buy calls and puts they are generally ST, but if it causes the execution of buy/sell of underlying stock then it is used to adjust basis of the stock and not recognized until you sell that stock. (Correct?)Thanks.
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