seems like the tax basis is the most important thing to note… taxing options at full income rate blows…
Not suggesting this in any sort of or form. But considering our beloved government is considering wasting taxpayer's money on bailouts….
Have you ever looked at the brokerage statement and figured out what transactions get reported to the IRS and what doesn't and how things get reported :), particularly paying attention to the buying/selling, writing of options, and writen options that are left to expired???? The analysis would be interesting the implications would be left an exercise to the reader….
