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Strategies & Market Trends : Expirationless Options (XPOs)- The Next Big Thing
XPO 141.09+0.7%Dec 24 12:59 PM EST

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To: VLD3 who wrote (32)7/9/2005 1:38:24 PM
From: Tech Master  Read Replies (1) of 60
 
Interesting. Thanks for the insight on Section 1032. Its not like the IRS isn't going to get their tax money either. If the proceeds go into an interest bearing account, the interest is taxed. If the proceeds are used to buy something, there is the sales tax etc. The probability of single sided XPO positions that never close is virtually nil. Important to note that a similar situation already occurs today on short sales that are never covered and the company go bankrupt. Those short proceeds are never taxed. Correct?
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