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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (1093)	1/14/2000 3:35:00 PM
From: Poet	Read Replies (1) \| Respond to of 8096

Boy, I'm no help at all today. I know nothing about California taxes, nor about RHAT oprtions, though I think you're onto something, Ron, about a time period between the IPO and the introduction of options. I sold many of my QCOM calls at the open today, thinking the rally would fizzle. I just got back from a long lunch and see QCOM and JDSU have given up much of their gains. Frustrating. On the other hand, I bought puts on ICGE during the opening rally and have an order in to sell when I've made a 5K profit. This stock is very very weak and I should fill today.

To: Wyätt Gwyön who wrote (1093)	1/14/2000 9:01:00 PM
From: London Brian	Respond to of 8096

If you are coming to CA, I hope you like taxes. I don't know the exact # offhand, but I estimate %10 when I'm taking profits. This is probably the max. -San Diego Brian

To: Wyätt Gwyön who wrote (1093)	1/15/2000 11:14:00 AM
From: rkral	Respond to of 8096

OTOT Looking into Ca. tax situation myself since my son's firm is wanting to move him to Ca. The 1999 Personal Income Tax Booklet is available from ftb.ca.gov It takes a while to download .. so be patient. I'm not a tax expert .. unless doing my own MN, TX, and GA taxes for too many years counts .. but it looks like both LT and ST capital gains are taxed at the marginal rate of 9.3%. This surprised me .. so I looked at what GA is doing. Sure enough, both ST and LT capital gains are taxed at the same marginal rate .. though lower here at 6.0%.