Bought INTC calls last June, expiring this December. They’ve been printing like crazy.
Cashed out enough to cover cost + a little profit, but still holding most of the position.
Here’s the problem:
If I sell now → IRS takes a fat cut
If I wait ~45 days → long-term gains, way less pain
Stock’s been on a heater, but also feels like it could rug at any moment.
Contracts still have time, so even if it dips there’s runway… unless it doesn’t.
So now I’m stuck between:
Locking in gains and donating to Uncle Sam
Diamond handing for 45 days and risking I get cooked
Up big on INTC calls, IRS lurking. 45 days to freedom.
byu/ReturnEconomy inwallstreetbets
Posted by ReturnEconomy
4 Comments
Well maybe if you wait long enough you won’t owe anything
I don’t know how much puts are but you could buy puts to hedge if you want. Then lock in ltcg rate
Wow, what a problem to have. Meanwhile me -50% ytd
Ask yourself if losing the extrinsic value is worth it to you, then ask if risking a potential gap up or down is worth saving 10 to 20% on taxes. Depending on how far your expiry date is, it might be worth it to hold. Who knows.
If it stressed you out enough to think about it, you could always lock in half the gains for peace of mind. Or if you want to hold Intel long term, you could exercise the leap and hold stock for another year.