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To: McNabb Brothers who wrote (38150)3/14/2000 10:34:00 PM
From: Jdaasoc  Respond to of 93625
 
According to my understanding, Jan 02 would qualify for LT capital gains treatment.
When I wrote them they were highest strike price one could get They gave me $130 so I have no problem for 5 bagger in 21 months rather than 1 month and save approximately 12-15% on capital gains tax. Pardon me on not knowing the effective tax rate on several millions dollars in capital gains on Federal income taxes and NJ State income tax.

I am just like you looking for downturn in price to redeem my covered calls the only difference between you and me is I already own the stock outright.

john