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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST

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To: Elmer who wrote (125924)1/24/2001 7:45:09 PM
From: Saturn V  Read Replies (1) of 186894
 
Ref < Craig Barret.....If I were him I'd exercise them and just write CCs. What does he need another few million for anyway >

Elmer for mast major companies like Intel, the management is NOT allowed to sell the stock short NOR deal with any other derivatives like puts calls etc.

If this option is expiring in a few months, Craig's action is appropriate.

Do we know how much of the expiring option is being sold. Enough to cover the tax consequences of the exercise, or more than that ? [ We can safely assume that he is in the max state and federal tax brackets ].
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