I have a couple basic taxation questions related to a stock and covered call position I have. Am I correct with my descriptions of the tax situation here? Here's my trade history: 1. Bought 100 XYZ @ 10.85 2. Sold a covered call $10 strike for .87 3. Bought back covered call $10 strike for .54 (I will owe tax on the $33 profit) 4. Sold a covered call $11 strike for .17 5. Bought back covered call $11 strike for .03 (I will owe tax on the $14 profit) 6. Sold a covered call $10 strike for .52 I expect to be have my stock called away at $10 this week. 7. When my XYZ stock is called away, will my basis be: $10.00 + 0.52= $10.52 - 10.85 for a $33 loss on the stock sale? 8. If I buy XYZ next week again, then will my $33 loss be considered a wash sale? Have I correctly figured the tax situation on #3, #5, and #7?