Writing a Call Option to SELL Shares That You Own
	Share description
	Share Symbol
	Current Share price
	Share Commission
	Option Commission
	Federal Ordinary Income Tax rate
	State and Local Income tax Rates
Writing a Call Option to SELL shares
					Option Sale Proceeds
	Call Description				Premium	Taxes	Realized
	Call Symbol
	Premium on Call
	Strike Price of Call				Share Sale Proceeds (pre tax)
	Out of the money				At Market	On Exercise	Premium
	This assumes that the investor owns the shares and has made the decision to sell them as a result of the fact that they have
	appreciated significantly and portfolio rebalancing calls for them to sell to get back into balance, in anticipation of an eventual market turn.
	For these sorts of investors, this strategy has the risk that the market may turn before the option strike price is reached.
	A market order to sell would be better if such a risk is deemed significant.
	This strategy is known as selling "Covered" calls. The sale of the call option is "covered" because the investor owns the shares that will
	be called away if the share price reaches the option's strike price.
	Investors should engage in this strategy only if:
	1. They own enough shares to cover the call(s) they have sold
	2. They are prepared to have those shares called away from them.
	If the call writer does not own the shares, it is known as writing a "Naked" call and this is not at all advisable for long-term investors.