Sunday, December 29, 2024

📝 Ephemeral Notes

Noting down the option exercise plans in 2024 for my stocks #tax
- The estimated AMT limit for me this year is around $49,000 above my income
- [[2024-10-28]] exercised 200 @ $270 market price and$ $270 ma r k e tp r i ce an d$ 166 strike price
  - Did a cashless exercise which is a mistake because the stocks sold to fund the exercise incurred short term capital gains
  - Next time the strategy is to sell LT holdings and hold the cash to do cash-to-cover exercise
- [[2024-12-13]] sold 24 @ $428 for 10k gross and 2k LTCG
  - Had 5k of losses to offset
  - Using this to fund the next exercise
- [[2024-12-16]] cash exercised 40 @ $439 market price and$ 166 strike price
Reviewing notes from [[2022-02-17]] and reminded the truth that there is no reason to delay exercising if you think stocks will eventually be 1.5x the strike price
- lessens the AMT burden
- starts the clock on LTCG (the most important factor to reduce taxes)

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created: 2023-01-16 11:50