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Strategies & Market Trends : Selling Puts: Have Cash Will Travel

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To: Robert T. Quasius who wrote (1170)4/10/2000 9:31:00 AM
From: KFE  Read Replies (2) of 1235
 
Robert,

OX is right about short sale of options and it is in the code. Of course broad based index options are section 1256 contracts and are always 60% long term and 40% short term regardless of how long held and whether short or long. You can check IRS publications linked below.

ftp.fedworld.gov

irs.ustreas.gov

The question I can't seem to find an answer to is whether options on QQQ are section 1256 contracts.

Regards,

Ken
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