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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Kevin who wrote (40198)	4/17/1998 12:34:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 58727

ROFL i am still laughing over it this guy ranks right up there with Tin tin He told me his dads firm was buying up those venture capitalists shares...including at 87 I guess and I should be very afraid..and that his dad was trading 5k blocks and would do it 20 times today...here was my response Message 4098792 oh man...maybe he really is TIN TIN but then TINTIN never gave his father broker/floor trader/market maker status....alll rolled into one ... btw, not making money yet...because i bought my puts in the 78 range...but they are still valued at what I bought basically.... this is one wild option....never seen anything quite like what they have done to this one..

To: Kevin who wrote (40198)	4/17/1998 1:12:00 PM
From: jluker	Read Replies (1) \| Respond to of 58727

hey Kevin, guess I picked the wrong one to short.. mentioned KO about 3 pts ago... covered SLE short for 1/4, holding: all short MU 30 calls, MO 37.5 puts, ASND 40 puts, OXHP 15 puts, 4:02 looking good... how are you? did you ever do any more research from last year on strike prices landing for expr?

To: Kevin who wrote (40198)	4/18/1998 2:54:00 AM
From: Scott Pease	Read Replies (1) \| Respond to of 58727

For all the option experts in the group - what is the deal with taxes and options? I only made 3 option trades last year, so it was simple for me, but I noticed on my brokerage statements from Schwab that my option trades had a huge notice at the beginning to the effect that Schwab did not notify the IRS of my option trades. Is this some kind of strange loophole? Doesn't this mean people who are trading options can simply keep their profits and not tell the government anything? Conversely, what about taking capital losses? I assume most people lose money on options (I lost on two out of my three trades :), the IRS will believe my schedule D, won't they? I thought about asking my CPA, but since the amounts (relative to the stock trades I made) were so small and insignificant for 1997, I haven't. But I'm just curious if I make any 1998 option trades.