Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (6069)	4/5/2000 9:21:00 PM
From: Junkyardawg	Read Replies (1) \| Respond to of 8096

I was on Jorj's thread today. Heck you know how it is, when the market is tanking on you. You just don't feel like posting. So my posting has been limited the past few days. I had a pretty good day today though. I am heavy in the Semi stocks as I think they will do well on their earnings. RMBS was one of the few times I "bottom fished". I saw it go below $200 today and in a matter of seconds it bounced right back up so I bought some options on it. dawgy

To: Poet who wrote (6069)	4/6/2000 5:19:00 AM
From: Don S	Read Replies (1) \| Respond to 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