Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: tcmay who wrote (173190)	2/26/2003 2:38:29 PM
From: miraje	Respond to of 186894

For me, taxes are complicated enough without having reams of complicated puts and calls to keep track of. My condolences on residing in the Peoples State of California. Luckily, I have no state income or capital gains taxes to worry about, only Uncle Sams bite out of my wallet. And options income (loss) reporting is fairly straight forward on a 1040. (I think they should abolish the IRS and go to a national sales tax, but that's another story). And writing puts and calls on some small fraction of the position is just an irritation I agree. Do a bunch or don't do it at all. I've currently written (April expiration) CC's on my entire (six figure) INTC position. -JB