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Non-Tech : PEP -- Time to buy?
PEP 142.850.0%Nov 5 3:59 PM EST
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To: paul gambuto who wrote (197)7/30/1997 8:48:00 PM
From: Gary L Schultz   of 392
 
Paul,

When the options expire, and you haven't been called or assinged, then the option premium is directly taxable and isn't part of your basis on the underlying shares. I personally, have always enjoyed paying taxes as opposed to reporting losses! LOL.

Good Luck

Gary
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