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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: Trader Dave who wrote (2616)7/21/1999 7:20:00 PM
From: Nevin S.   of 3818
 
In my read of the tax code, if you hold an underlying position in the stock and profit (short term) through the use of options you add you gains (reduce your basis) to your underlying position and thus, realize the gain on sale of that position. Presumably that would make your profit on the original investment as well as the options trades be subject to long term cap gains treatment.
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