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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.3%12:59 PM EST
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To: L. Adam Latham who wrote (87019)8/20/1999 7:09:00 PM
From: Gerald Walls  Read Replies (1) of 186894
 
<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.

The date of exercise, I believe. At least that's what I did a few years back the one time that I actually exercised options instead of selling them.

<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?

You add the price you paid for the option to the price you paid for the stock to obtain your basis. Example: If you paid $5 for XYZ 60 calls and exercised them then your basis in the XYZ stock is $65/share, regardless of the fair market value of the shares when you exercise. You claim no loss or gain on the options themselves when you exercise.
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