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

To: rkral who wrote (6516)	4/16/2000 12:16:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

To all: Well I'm a bit calmer today than I was yesterday! I'm going to look at various options chains and possibilities. For both puts and calls. Any others with some ideas let me know. I'll post here later this afternoon. I';ve ben getting some interesting PMs about how much cash there is on the sidelines waiting to come back in.

To: rkral who wrote (6516)	4/16/2000 2:22:00 PM
From: Scrumpy	Read Replies (1) \| Respond to of 8096

Lets use a simpler example.... Bought 500 shares of SCMR at $100/share: $50,000 Sold 500 shares of SCMR at $ 90/share: $45,000 Bought 500 shares of SCMR at $ 90/share: $45,000 Sold 500 shares of SCMR at $ 85/share: $42,500 All within a single day. Currently no positions in JNPR for the rest of the year. The reason I raise the question is because most daytraders make hundreds of trades like this, so they'll constantly be rolling their non-deductible loss of the prior transaction, in this case, $5000, into the cost-basis of the very next next purchase, which could be two-minutes later. My second JNPR BUY really is $40,000 ($45,000 less $5,000 loss from previous sale). Finally, the last sale for $42,500 results in a "wash-sale" gain of $2,500 ($42,500- $40,000). In short, this number could balloon regardless of loss or gain. ... and I don't see TurboTax making this calculation, which leads me to believe what they say is true (or, they simply missed the boat!) BTW, nearly every IRS example I've seen provides only the example of the "one-shot deal", e.g. Bot, Sold, Bot, DONE.