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Strategies & Market Trends : Options
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To: Poet who wrote (6069)4/6/2000 5:19:00 AM
From: Don S  Read Replies (1) of 8096
 
Hi Everyone, I am in the early stages of learning to trade options, and am hoping someone more experienced could answer a basic tax question for me. If I were to sell my 1,000 shares of Elon for a loss, and took that money and bought 10 nov call contracts, (use the remaining to pay off margin debt) can I claim my loss from the sale of the original shares as a capital loss, even though I turned right around and bought the 10 calls? Or would this be viewed as a kind of a wash sale?
Thanks in advance for your help, Don
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