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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (117067)	6/21/2000 11:12:00 PM
From: Dan3	Respond to of 1586087

Re: I don't claim this is the best way to go but when you have selected a strategy... Sounds like a pretty good strategy, with some clever tax twists. Thanks for sharing it with us here, Dan

To: Elmer who wrote (117067)	6/21/2000 11:32:00 PM
From: dougSF30	Read Replies (2) \| Respond to of 1586087

Elmer, Tax Strategy! Excellent, something we can all agree upon. Question for you: Suppose I hold a January bull call spread. (I do, long 90's short 120's) Suppose that on Dec 31st (or the last trading day), AMD is at, oh, 200. May I buy back the 120's, at huge short term loss for 2000, and sell the 90's day 1 of 2001, thereby delaying much of my payment to the IRS by a year? It sounds too good to be true... surely they have some nasty little provision designed to defeat this? thanks for your tax insights, by the way, Doug

To: Elmer who wrote (117067)	6/22/2000 9:20:00 AM
From: that_crazy_doug	Read Replies (2) \| Respond to of 1586087

<< First off before anyone reminds me let me say that others have done better during this AMD rise than I have. Good for you. You took the risk and now you enjoy the reward and I congratulate you. >> You think buying stock/calls is riskier than writing naked puts? If the stock went down you'd have been in the hurt locker a lot worse than rest of us. Your strategy clearly cost you the least out of pocket money, but I certainly wouldn't call it a conservative route.