INTCW Message Board - Msg: 634982

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Technology Stocks : INTCW

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To: M.Hicks who wrote (20)	1/9/1997 11:33:00 AM
From: Andrew Chow	of 78

If you want to have long run exposure to Intel (via either INTC or INTCW) you should probably just suck it up and buy back your short call position. If you allow the call to be excercised and then use the proceeds to buy INTC (or INTCW) you will have a disadvantageous tax position, since you'd pay cap gains tax on your INTCW. If on the other hand you don't really want to retain exposure to Intel, just let the call take you out. Personally I think repeatedly trading options is a negative sum game for retail investors. If you knew what the bid-ask spread is on ATM options, you'd faint.

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