Play It On Paper- Clappy's Newbie Option Thread Message Board

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Pastimes : Play It On Paper- Clappy's Newbie Option Thread

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To: Clappy who wrote (114)	8/2/2000 11:03:16 AM
From: Perry Ganz	Read Replies (1) of 176

Clap On JNPR weak Naz up 37 good call Bought back JDSU aug 130 CC at 2 sold at 17 last week still worried I bought JDSU so I sold the sept 115 calls for 12 and bought the 115 puts for 10 In other words I let them pay me to insure my stock pretty cool hugh, I know I give up the gains if their are any, its my call their won't be any in the next month and a half) Why not just sell the stock ? Glad you ask. TAXES I do not adhere to the theory that you should not allow taxes to influance you trading decisions. especially on stock you have huge gains on, plus if you understand options there is no reason not to manage your taxes. in an earlier post you said something to the effect that you would like to be a long term buy and hold kinda guy, but were not comfortable watching you stock take a big hit. In the wonderful world of options you can "have your cake and eat it to. Perry

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