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To: Kenneth Yeh who wrote (134)1/3/1999 10:05:00 PM
From: Robert Northington  Read Replies (1) | Respond to of 353
 
This could be a short against the box situation. If you have a stock that has appreciated and it is near the end of the year you could use this strategy. Just a guess.As far as I know you do not incur a taxable event until the position is closed out. Not a CPA.