JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Jean M. Gauthier who wrote (4877)	1/20/2000 7:25:00 PM
From: t2	Read Replies (1) of 24042

OT If I exercise them now, or later, that's not a taxable event right ? Yes, that is right. Only if I sell the calls it is right ? Yes, that is right as well. There is really no need to excercise them now unless you plan to sell "covered calls" on the stock at some point (ex after a 100 point gain) in the near future. Otherwise, holding the option until March is not that different from excercising. Only slight differences--nothing major. Sorry, i may have been confusing you with the tax implications of selling covered calls and then buying them back (for a gain or loss) while keep your shares which would have a big unrealized gain. Actually, i don't do much covered selling---as this strategy has never worked for me. Just ignore this paragraph.<g>

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