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Strategies & Market Trends : Options
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To: edamo who wrote (6213)4/9/2000 11:02:00 AM
From: AmericanVoter  Read Replies (1) of 8096
 
thanks ed for your explanation...I guess when you are selling farther calls or puts you are actually betting on a turn around at some point and the positions becoming profitable... however, wouldn't that be considered a "wash transaction" since you are not waiting 30 days before re-establishing a "substantialy similar position"... and hence you can not claim the loss...!

thanks again

best regards
amein
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