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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: rel4490 who wrote (6248)	9/13/1999 11:44:00 AM
From: edamo	Read Replies (1) of 54805

re: "tax consequences of option trades" you are getting close, but are leaving out some very important points. options covered under irc sec. 1234(b)(1) options can be traded as the common, no underlying ever changes hands. in this case the option trade has the same tax consequence based on time held. e.g...sell to open qcom 02150 put today, buy to close 02150 put in jan 02=long term gain or loss. no difference between options and common stock, only "always" short term when put or call lapses(expires) just trying to clarify your position that it is "always" considered "short" good luck..ed a.

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