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Technology Stocks : Intel Corporation (INTC)
INTC 39.54+7.5%10:57 AM EST
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To: Joey Smith who wrote (87014)8/20/1999 5:47:00 PM
From: L. Adam Latham  Read Replies (2) of 186894
 
Joey and all:

Re: Off-topic

A question for any options experts out there:

Last summer (July 1998) I purchased Jan '99 $70 ($35 post-split) CSCO call options. These particular options became profitable, so I sold half, and decided to exercise the remaining half in January 1999.

<1> For calculation of long-term vs. short-term for holding the shares that I exercised, what do I use as a date - when I purchased the options (July 1998) or when I exercised them (January 1999)? My guess is Jan '99.

<2> I had a short-term gain on the half of the options I sold, but how do I account for the half I exercised? I basically "lost" the premium I paid when I exercised them, so can I consider this a short-term loss to offset the gain from the half I sold?

Thanks in advance for any advice.

Adam
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