Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mama Bear who wrote (48589)	12/18/2000 11:24:15 AM
From: chic_hearne	Read Replies (1) of 436258

If you've got the cash, you might consider buying the stock. Then when 1/2/01 rolls around, assign it to the put seller. I can't believe I never thought of this. Since I'm mostly cash, I can definitely do this. Picked up 1K today at $49 to lock in a $21 profit on 10 contracts. Still think it will go down more, so I'm easing in. The thought of going long 5K Softie frightens me, but I guess there's no risk? Right? I own 50 of the Jan 70's, so I'm basically selling back the put now, but for tax purposes the sale will occur in 2001. Are you sure for tax purposes this is the correct way to look at it?

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