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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: ggamer who wrote (39331)	2/15/2001 4:14:29 PM
From: BDR	Read Replies (3) \| Respond to of 54805

<<Can someone please tell me if there is a way to change common shares to LEAPS without paying any taxes?>> I don't know how you could go from a long stock position to long LEAPS without paying taxes on the sale of the stock. But you could raise cash by selling LEAPS against your stock (write a covered call) and not pay taxes until LEAPS expiration. For example, with QCOM at about 85 you could sell the '02 LEAPS 60 Calls for $35 or the '03 LEAPS 70 Calls for $34. That is cash in your account now. You don't have pay tax on that until the LEAPS either expire worthless or are exercised in 1/02 or 1/03 respectively.