Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 39.38

+6.7%

Jan 2 9:30 AM EST

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To: Barry A. Watzman who wrote (42612)	12/18/1997 7:59:00 AM
From: ratan lal	Read Replies (2) of 186894

Barry << What the laws won't let you do is take a TAX LOSS on a stock that you sold at a loss and then bought back within 30 or 31 days. >> There are ways to get around this and even make a profit. If you want to sell INTC for a tax loss but dont want to give INTC up, you simply SELL Jan puts. You make the premium and get the stock back in Jan at a lower price. Only caveat - Price may go well above your strike price in which you just get to keep the premium but buy the stock (if you want to) at the then market price. OR the price may go well below your strike price in which case you are saddled with the stock at the strike price (less the premium you received). ratan

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