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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (56483)	12/23/1999 4:01:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 152472

You're doing one transaction that consists of two components being executed simultaneously. Your analogy of trading in a car is excellent. The contract is based on the difference between the cost of the new car and the trade-in value of the old car. The agreement to buy is based on the delta. From the government's point of view, the sell side of the transaction is a taxable event. Call your broker back and talk to a manager in the options department before you head for the beach. uf