Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: mod who wrote (2234)	7/1/1999 8:42:00 PM
From: Chuzzlewit	Read Replies (1) of 5810

A very simple options question: Suppose you sell covered calls at $4, and then repurchase the calls at $6 on the day the options expire. Then suppose you immediately sell new calls against the same stock (but these calls have a higher striking price and a different expiration) -- say at $6. Do you have a $2 loss on the original call? How do wash rules apply here? CTC

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