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Nope. Options are taxed as short term cap gains (taxed at the same rate as
ordinary income). Futures still enjoy the benefit of the 60% long term -
40% short term cap gains split. The tax disadvantage of options is one
reason (of many) that I do not trade them.
MT
At 10:51 AM 7/6/01 -0400, Bob Fulks wrote:
>Index-option profits are taxed like utures, I believe.
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