> For those employees that did exercise their underwater options, one small silver lining is they can write those losses off on future tax returns. Note this o

> For those employees that did exercise their underwater options, one small silver lining is they can write those losses off on future tax returns. Note this only applies to NQSOs not ISOs - since the gain in the ISO case is taxes as AMT; the loss can only be carried as an AMT loss and applied only if/when you are actually subject to the AMT.