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BTW Thanks for the reminder SmashFollow

#1 Aug 22 2008 at 2:21 PM Rating: Good
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Your recent talk about selling some oil futures reminded me that I needed to get my online trading account set up. Good timing too. One of my early options offers was going to expire in November and that's not included in the normal statements. I knew it was close, but not that close...

Would have been a costly mistake, so thanks for jogging my memory on that one... ;)
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#2 Aug 22 2008 at 2:28 PM Rating: Good
Personally if I were you, I'd be considering some put options in the near future.
#3 Aug 22 2008 at 2:36 PM Rating: Good
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One of my early options offers was going to expire in November and that's not included in the normal statements.


Let it ride on oil puts, baby! That drilling will be HUGE!

Seriously though, I can't imagine they wouldn't have just excersized it for you, likely same day sold it and mailed you a check. Likely not the ideal scenario, but you weren't at much risk of a large loss.

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#4 Aug 22 2008 at 2:43 PM Rating: Excellent
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Smasharoo wrote:
Seriously though, I can't imagine they wouldn't have just excersized it for you, likely same day sold it and mailed you a check. Likely not the ideal scenario, but you weren't at much risk of a large loss.


Yeah. That's likely. Potential tax differential's significant compared to exercising and selling later though (which is what I'm working out right now). Upwards of 60kish differential, which isn't small change for me.
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#5 Aug 22 2008 at 2:55 PM Rating: Good
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Yeah. That's likely. Potential tax differential's significant compared to exercising and selling later though

Assuming the price isn't likely to plummet. I don't own QCOM, but I don't see any reason that'd be likely.

You may have 409a liability anyway, depending on the structure, I'd recommend asking your benefits person or accountant or whatever.

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Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#6 Aug 22 2008 at 3:50 PM Rating: Good
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Smasharoo wrote:
You may have 409a liability anyway, depending on the structure, I'd recommend asking your benefits person or accountant or whatever.


Pretty sure that's true. I think I can swing the income tax on the first $2.30/share or so though... :)
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