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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Hans who wrote (4690)	12/30/2001 4:06:32 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

Hans cover soon, and then take a portion of your profits and buy LEAPs the Jan 2004's...what the hell huh<G>? risk reward begins to make some sense...for very little money invested...

To: Hans who wrote (4690)	1/1/2002 9:37:19 AM
From: DismalScientist	Read Replies (1) \| Respond to of 5893

Hans: I don't want to rain on your parade. But ............ It is my understanding that on a long trade - the effective date for tax purposes is the trade date, so any long sold on 12/31/01 would be a tax gain or loss in 2001. But for a short the effective date is the settlement date - 3 business days after the trade. So a short covered on 12/31/01 would be a tax gain or loss in 2002. I could be wrong so perhaps someone could confirm this information. A good place for information on tax matters re: trading is: Subject 17266 Happy New Year to all. Alan